Quote by Thomas Jefferson

Paper is poverty,... it is only the ghost of money, and not money itself.

Paper is poverty,... it is only the ghost of money, and not

Summary

This quote implies that paper, in the form of currency or other financial instruments, is deceptive. It argues that paper represents wealth but is not true wealth in itself; rather, it is an illusion or placeholder for real money. It suggests that relying solely on paper assets can lead to a state of poverty because true wealth lies in tangible and valuable assets beyond the intangible value attributed to paper.

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By Thomas Jefferson

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