Our debates possess'd me so fully of the subject, that I wrote and printed an anonymous pamphlet on it, entitled "The Nature and Necessity of a Paper Currency."

我们的辩论使我对于这一题目感到很大的兴趣，甚至我撰写和发表了一本不具名的小册子，名为《纸币的性质和需要》。

youdao

A recent Treasury research paper admitted that there was no fail-safe method to estimate the correct value of a currency.

最近财政部的一份研究论文承认，在评估一种货币的正确价值时，并没有一种万无一失的方法。

youdao

Of course, to guard against inflation it would be far better to anchor a currency to a tradable index of real things than to paper currencies.

当然，要防止通胀，以一个可以成交的实物价格的指数为锚，远胜一篮子用纸造的货币。

youdao

We have to fear that another round of quantitative easing will do no more than devalue the dollar as a paper currency and lead to more speculation in gold and other commodities.

FORBES: We Have More To Fear Than Fear Itself

In addition to all of these tax issues, the U.S. in the early 1930s was on a gold standard where paper currency was legally convertible into gold.

WSJ: Arthur B. Laffer: Taxes, Depression, and Our Current Troubles

When a government's paper currency fails to do the one thing it's supposed to do--signal that it's worth exactly what the numerical figure on the bill says--distortions result.

FORBES: Magazine Article