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Quote by Thomas Paine

“There are a set of men who go about making purchases upon credit, and buying estates they have not wherewithal to pay for; and having done this, their next step is to fill the newspapers with paragraphs of the scarcity of money and the necessity of a paper emission, then to have a legal tender under the pretense of supporting its credit, and when out, to depreciate it as fast as they can, get a deal of it for a little price, and cheat their creditors; and this is the concise history of paper money schemes.”

Book:Brief sketch of the life of Thomas Paine. Common sense. Epistle to Quakers. The crisis. Public good. Letter to the Abbe Raynal. Dissertations on government, the affairs of the bank, and paper money. Miscellaneous

Work

Brief sketch of the life of Thomas Paine. Common sense. Epistle to Quakers. The crisis. Public good. Letter to the Abbe Raynal. Dissertations on government, the affairs of the bank, and paper money. Miscellaneous

The book features Paine's influential essays and letters, including his seminal work 'Common Sense,' which played a significant role in the American Revolution. It also includes his 'Brief sketch of the life of Thomas Paine,' 'Epistle to Quakers,' 'The crisis,' 'Public good,' 'Letter to the Abbe Raynal,' and 'Dissertations on government, the affairs of the bank, and paper money.' These writings showcase Paine's ideas on governance, economics, and social issues. more

Author

Thomas Paine

Thomas Paine, born on February 9, 1737, and died on June 8, 1809, was a prominent American writer, political figure, and philosopher during the American Revolutionary War. He is renowned for his radical democratic ideas and his contributions to the American independence movement. more

“One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.”

Source: Selected Writings of Thomas Paine

“If anything had or could have a value equal to gold and silver, it would require no tender law; and if it had not that value it ought not to have such a law; and, therefore, all tender laws are tyrannical and unjust and calculated to support fraud and oppression.”

Ifs Law Values Support Ought Equal Gold Oppression Making Money Silver Fraud Unjust Gold And Silver

Book:Selected Writings of Thomas Paine

Source: Selected Writings of Thomas Paine

“Money, when considered as the fruit of many years' industry, as the reward of labor, sweat and toil, as the widow's dowry and children's portion, and as the means of procuring the necessaries and alleviating the afflictions of life, and making old age a scene of rest, has something in it sacred that is not to be sported with, or trusted to the airy bubble of paper currency.”

Source: Brief sketch of the life of Thomas Paine. Common sense. Epistle to Quakers. The crisis. Public good. Letter to the Abbe Raynal. Dissertations on government, the affairs of the bank, and paper money. Miscellaneous

“The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.”

Progress Higher Concepts Income Making Money Units Dependence Inflation Monetary Purchasing Purchasing Power

Book:The Ultimate Foundation of Economic Science: An Essay on Method

Source: The Ultimate Foundation of Economic Science: An Essay on Method

“If the government were obliged to come to the people for money instead of vice-versa, the people would keep government under control and operate their economy satisfactorily with prosperity and peace resulting. The peoples of the nations do not make war. For them peace is the natural and permanent order. Wars are planned and perpetrated by politicians and their diplomats; and the money power of government is the means by which the people are maneuvered into wars.”