Quote by William James
Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.
![Truth lives, in fact, for the most part on a credit system.](https://quotation.io/quotes/truth-lives-fact-part-credit-system-thoughts.jpg)
Summary
This quote highlights the idea that the truth of our thoughts and beliefs often relies on how well they are accepted by others. It compares truth to a credit system, suggesting that truth only holds value as long as it goes unchallenged and is unquestioningly accepted by society. Similarly, bank-notes are valuable only as long as they are universally accepted. The quote implies that truth can be subjective and contingent on social acceptance rather than being absolute and objective.