John Adams: Credit Causes Distress
on Tuesday, November 23, 2010John Adams Money Quotation saying failure to understand the banking system and workings of our financial system and credit machinations are at the core of American difficulties. John Adams said:
“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation” — John Adams
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#ConstitutionDay September 17