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.
Source: letter to Thomas Jefferson, August 25, 1787.—The Works of John Adams, ed. Charles Francis Adams, vol. 8, p. 447 (1853).
Contributed by: Zaady