The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.
Interpretation
The quote argues that while paper currency may be convenient and cheaper, it poses risks of abuse compared to the stability of precious metals.
In this quote, Thomas Jefferson expresses his skepticism towards paper currency, emphasizing that despite its affordability and ease of use, it inherently invites misuse and corruption. He contends that the intrinsic value and stability provided by precious metals outweigh the temporary benefits of a paper-based economy, highlighting a concern for economic integrity that persists throughout history.
In practice
During a discussion on the dangers of inflation and economic instability.
The firmness with which the (American) people have withstood the... abuses of the press, the discernment they have manifested between truth and falsehood, show that they may safely be trusted to hear everything true and false and to form a correct judgment between them.
I, place economy among the first & most important republican virtues, & public debt as the greatest of the dangers to be feared
We must make our choice between economy and liberty or confusion and servitude...If we run into such debts, we must be taxed in our meat and drink, in our necessities and comforts, in our labor and in our amusements...if we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
Very many and very meritorious were the worthy patriots who assisted in bringing back our government to its republican tack. To preserve it in that, will require unremitting vigilance.
A nation, as a society, forms a moral person, and every member of it is personally responsible for his society.
Timid men prefer the calm of despotism to the tempestuous sea of liberty.
In real life, coincidences happen all the time. In novels, they are leapt upon with fury.
No religion is higher than humanity
It struck me that distant cities are designed precisely so you can know where you came from.
Mankind today is still making history without having any conscious idea of what it really wants or under what conditions it would stop being unhappy; in fact what it is doing seems to be making itself more unhappy and calling that unhappiness progress.
Pollution is everywhere, in that ancient Greek sense of miasma: guilt experienced as abject body fluid, moral pollution defining what kinds of beings count in social space.
It costs something to be a true Christian. It will cost us our sins, our self-righteousn ess, our ease and our worldliness.
Subscribe for the occasional hand-picked quote. No noise.