James Madison: Money Circulation

Posted by admin on Thursday, April 9, 2020

James Madison Money Quote saying the high value of confidence is worth more than money. James Madison said:
The circulation of confidence is better than the circulation of money Quote

“The circulation of confidence is better than the circulation of money” — James Madison


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James Madison was suggesting that having trust and confidence in the economic system is more important than the money itself. When people have confidence in each other and in the institutions that govern commerce, they are more willing to invest, spend, and take economic risks that fuel economic growth.

However, if confidence is lost, people will hoard money rather than circulating it in the economy. So Madison was highlighting the importance of maintaining confidence as key to a healthy, thriving economy.

Birthday: March 16, 1751 – Death: June 28, 1836

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