“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.”
![“It is a [disputed] question, whether the circulation of paper,…” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/8ed/thomas-jefferson-43_bears_it-is-a-disputed-question-whether-the-ci_2519938.jpg)
