A Quote by John Adams

All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
[M]y wish is, that the Convention may adopt no temporizing expedient, but probe the defects of the Constitution [i.e., the Articles of Confederation] to the bottom, and provide radical cures.
If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.
Miracles arise from our ignorance of nature, not from nature itself.
I feel anxious for the fate of our monarchy, or democracy, or whatever is to take place. I soon get lost in a labyrinth of perplexities; but, whatever occurs, may justice and righteousness be the stability of our times, and order arise out of confusion. Great difficulties may be surmounted by patience and perseverance.
If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.
Vulgar prejudices are those which arise out of accident, ignorance, or authority; natural prejudices are those which arise out of the constitution of the human mind itself.
Of all things, none does not revere the Way and honor virtue. Reverence of the Way and honoring virtue were not demanded of them, but it is in their nature.
When it shall be said in any country in the world my poor are happy; neither ignorance nor distress is to be found among them; my jails are empty of prisoners, my streets of beggars; the aged are not in want; the taxes are not oppressive; the rational world is my friend, because I am a friend of its happiness: When these things can be said, there may that country boast its Constitution and its Government
As virtue is necessary in a republic, and honor in a monarchy, fear is what is required in a despotism. As for virtue, it is not at all necessary, and honor would be dangerous there.
Emulation has been termed a spur to virtue, and assumes to be a spur of gold. But it is a spur composed of baser materials, and if tried in the furnace will be found to want that fixedness which is the characteristic of gold. He that pursues virtue, only to surpass others, is not far from wishing others less forward than himself; and he that rejoices too much at his own perfections will be too little grieved at the defects of other men.
All the dignity of man consists in thought. Thought is therefore by its nature a wonderful and incomparable thing. It must have strange defects to be contemptible. But it has such, so that nothing is more ridiculous. How great it is in its nature! How vile it is in its defects! But what is this thought? How foolish it is!
Narration is as much a part of human nature as breath and the circulation of the blood.
Each piece of money is a mere coin, or means of circulation, only so long as it actually circulates.
All problems in life arise from some weakness of mind. All weakness of mind is due to the mind's ignorance of its own essential nature, which is universal and the source of infinite energy and intelligence. ... In order to root out any problem of life it is only necessary to be brought out of ignorance, to be brought to knowledge.
Hypocrisy itself does great honor, or rather justice, to religion, and tacitly acknowledges it to be an ornament to human nature. The hypocrite would not be at so much pains to put on the appearance of virtue, if he did not know it was the most proper and effectual means to gain the love and esteem of mankind.
There is no supernatural, there is only nature. Nature alone exists and contains all. All is. There is the part of nature that we perceive, and the part of nature that we do not perceive. ... If you abandon these facts, beware; charlatans will light upon them, also the imbecile. There is no mean: science, or ignorance. If science does not want these facts, ignorance will take them up. You have refused to enlarge human intelligence, you augment human stupidity. When Laplace withdraws Cagliostro appears.
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