A Quote by Thomas Paine

Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous.

Thomas Paine

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Any Attempt Body Bubble Case Could Deceitful Drinking Europe Every Found Gold Gold And Silver Gradually Heat Her Leaves Like Made Materials Moment Money Natural Nature Ours Paper Paper Money Pleased Pleasure Proper Provided Rich Ridiculous Rival Sensation Silver Sovereign Than Truth Truth Is Vanity Were Worse Would Would Be

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Thomas Paine
English - Activist
January 29, 1737 - June 8, 1809

An attempt by the Mongols to introduce paper money in Persia in the twelfth and thirteenth centuries flopped because no one would accept it. The public had no confidence in the paper money despite the awesomely coercive decrees that always marked Mongol rule.

Murray Rothbard

Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.

David Ricardo

Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.

William E. Rees

For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.

Hans F. Sennholz

But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.

George Washington

Usually, Hmong funerals last several days and our whole family comes together for it. It's a Hmong tradition to fold thousands of little paper boats with silver or gold paper that represent money the person could take into the afterlife, but we couldn't do that because of the coronavirus.

Sunisa Lee

Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity and has no tangible value, and so I would say that gold is a speculation. But because of my fear about the potential debasing of paper money and about paper money not being a store of value, I want some exposure to gold.

Seth Klarman

Christmas always rustled. It rustled every time, mysteriously, with silver and gold paper, tissue paper and a rich abundance of shiny paper, decorating and hiding everything and giving a feeling of reckless extravagance.

Tove Jansson

The President sends us a billion-page paper that shows how he would spend the money if he were spending the money. He doesn't have the authority to spend the money. He doesn't spend $1 of the money.

Michael Enzi

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

Alan Greenspan

To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. Money, money everywhere and still not enough! And then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?

Henry Miller

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Jean Chatzky

It would be too ridiculous to go about seriously to prove that wealth does not consist in money, or in gold and silver; but in what money purchases, and is valuable only for purchasing. Money no doubt, makes always a part of the national capital; but it has already been shown that it generally makes but a small part, and always the most unprofitable part of it.

Adam Smith

Gold and silver are constituted, by the nature of things, money, and universal money, independent of all convention, and of all laws.

Anne-Robert-Jacques Turgot, Baron de Laune

My colleagues and I would spend a lot of our own money on copy, paper, and pencils. I just figured there are people out there who would want to help teachers like us if they could see exactly where their money was going.

Charles Best

There are more important things than money. If I were motivated by money, I could have sold these documents to any number of countries and gotten very rich.

Edward Snowden

A Quote by Thomas Paine

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