Quote by John Adams

All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.

All the perplexities, confusions, and distresses in America

Summary

This quote emphasizes that the issues faced by America, such as perplexities, confusions, and distresses, are not due to flaws in their constitution or lack of honor or virtue. Instead, the main cause is ignorance regarding the fundamental concepts of coin, credit, and circulation. It highlights the significance of understanding the nature of these economic aspects in order to address the nation's problems effectively and efficiently.

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