A lesson for our, and successive Governments from John Clare, written on the 1st February 1830 :
" (...) I cannot help thinking that a paper currency founded upon just principles would still be a very commodious way of traffic much better then gold — but I would have every bank issuing one pound notes (which is but a shadow of a promise for a substance which the promiser has pocketed) dependant as branch banks on the Bank of England (many of the other banks are not worth a capital letter) nay every bank issuing paper at all ought to have that check upon them as I think to prosper the general good of the community rather then to encourage the knavery of individuals (...)
PRESCIENT! (And they call Clare a simple peasant - what an irony too).
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