--- title: "Meaning & Key Takeaway of: Paper currency has hitherto been regarded…" description: "\"Paper currency has hitherto been regarded with suspicion, as insecure.\" — John Buchanan Robinson" image: "https://sms4smile.com/quotes/i/3b4/john-buchanan-robinson-22642_currency_paper-currency-has-hitherto-been-regarde_612799.jpg" --- # Paper currency has hitherto been regarded with suspicion… ![“Paper currency has hitherto been regarded with suspicion, as insecure.” quote by John Buchanan Robinson](https://sms4smile.com/quotes/i/3b4/john-buchanan-robinson-22642_currency_paper-currency-has-hitherto-been-regarde_612799.jpg) [Download](https://sms4smile.com/quotes/i/3b4/john-buchanan-robinson-22642_currency_paper-currency-has-hitherto-been-regarde_612799.jpg) [Open image](https://sms4smile.com/quotes/i/3b4/john-buchanan-robinson-22642_currency_paper-currency-has-hitherto-been-regarde_612799.jpg) > “Paper currency has hitherto been regarded with suspicion, as insecure.” [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Paper money is often distrusted because it lacks tangible security and can be unstable. **In simple terms:** Money feels unsafe. Key Takeaway Seek stable financial foundations. Themes economics trust currency Mood analytical pragmatic Type economic educational When to use this quote - personal finance - business planning - investment strategy Key Concepts monetary policy inflation Questions to Reflect On - How can we improve confidence in fiat currency? - What alternatives exist to physical cash? A Different Perspective Even with distrust, paper money enables modern economies. ★ ★ ★ ★ ★ No ratings yet [Currency](https://sms4smile.com/quotes/about/currency/) [Suspicion](https://sms4smile.com/quotes/about/suspicion/) ## Related quotes > [A person who searched rooms, brandished pistols, dangled promises of half a million franc fees for nameless services and then wrote instructions to Polish…](https://sms4smile.com/quotes/eric-ambler/a-person-who-searched-rooms-brandished-pistols-dangled-promises-of/) [Eric Ambler](https://sms4smile.com/quotes/author/eric-ambler/) > [A British politician who cloaks himself in the mantle of God is immediately regarded with suspicion.](https://sms4smile.com/quotes/gavin-esler/a-british-politician-who-cloaks-himself-in-the-mantle-of-god-is/) [Gavin Esler](https://sms4smile.com/quotes/author/gavin-esler/) > [At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.](https://sms4smile.com/quotes/john-buchanan-robinson/at-present-financial-crises-occur-chiefly-because-the-paper-currency/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [People who read books in public places are regarded with suspicion because they appear self-sufficient. When you seem self-sufficient, other people think that you…](https://sms4smile.com/quotes/jessica-zafra/people-who-read-books-in-public-places-are-regarded-with-suspicion/) [Jessica Zafra](https://sms4smile.com/quotes/author/jessica-zafra/) > [As disabled people, we are taught from a young age that those who are attracted to us are to be regarded with suspicion.](https://sms4smile.com/quotes/stella-young/as-disabled-people-we-are-taught-from-a-young-age-that-those-who-are/) [Stella Young](https://sms4smile.com/quotes/author/stella-young/) > [The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it…](https://sms4smile.com/quotes/garet-garrett/the-spectacle-of-a-great-solvent-government-paying-a-fictitious-price/) [Garet Garrett](https://sms4smile.com/quotes/author/garet-garrett/) > [American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the…](https://sms4smile.com/quotes/llewellyn-rockwell/american-money-was-never-more-sound-or-banking-more-free-than-200/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. I do not…](https://sms4smile.com/quotes/henry-cabot-lodge/the-federal-reserve-act-as-it-stands-seems-to-me-to-open-the-way-to-a/) [Henry Cabot Lodge](https://sms4smile.com/quotes/author/henry-cabot-lodge/) > [The founders of our nation feared paper currency because it gave government the means to steal from its citizens.](https://sms4smile.com/quotes/walter-e-williams/the-founders-of-our-nation-feared-paper-currency-because-it-gave/) [Walter E. Williams](https://sms4smile.com/quotes/author/walter-e-williams/) > [“But the petrodollar system is not about oil, per se. It is about a system of sustaining the worldwide need for a paper currency…](https://sms4smile.com/quotes/kelly-mitchell/but-the-petrodollar-system-is-not-about-oil-per-se-it-is-about-a/) [Kelly Mitchell](https://sms4smile.com/quotes/author/kelly-mitchell/) > [Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.](https://sms4smile.com/quotes/michael-hudson/governments-create-money-and-spend-it-into-the-economy-by-running/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper…](https://sms4smile.com/quotes/lysander-spooner/in-reality-there-is-no-such-thing-as-an-inflation-of-prices/) [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) > [FDR, as best as I can tell, had no kind of involvement at all in our conversion to the paper currency.](https://sms4smile.com/quotes/bill-cassidy/fdr-as-best-as-i-can-tell-had-no-kind-of-involvement-at-all-in-our/) [Bill Cassidy](https://sms4smile.com/quotes/author/bill-cassidy/) > [“The mischief springs from the power which the monied interest derives from a paper currency which they are able to control, from the multitude…](https://sms4smile.com/quotes/andrew-jackson/the-mischief-springs-from-the-power-which-the-monied-interest-derives/) [Andrew Jackson](https://sms4smile.com/quotes/author/andrew-jackson/) > [Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of…](https://sms4smile.com/quotes/andrew-jackson/mischief-springs-from-the-power-which-the-moneyed-interest-derives/) [Andrew Jackson](https://sms4smile.com/quotes/author/andrew-jackson/) ## More by John Buchanan Robinson > [You are forever alone.](https://sms4smile.com/quotes/john-buchanan-robinson/you-are-forever-alone/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [There is no other who experiences your thoughts or your feelings.](https://sms4smile.com/quotes/john-buchanan-robinson/there-is-no-other-who-experiences-your-thoughts-or-your-feelings/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for…](https://sms4smile.com/quotes/john-buchanan-robinson/but-the-egoist-has-no-ideals-for-the-knowledge-that-his-ideals-are/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [It is often said by reformers that government should be conducted upon business principles.](https://sms4smile.com/quotes/john-buchanan-robinson/it-is-often-said-by-reformers-that-government-should-be-conducted/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and…](https://sms4smile.com/quotes/john-buchanan-robinson/accordingly-when-the-supply-of-gold-runs-short-the-security-behind/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.](https://sms4smile.com/quotes/john-buchanan-robinson/the-egoist-is-fooled-by-no-ideals-he-discards-them-or-uses-them-as/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.](https://sms4smile.com/quotes/john-buchanan-robinson/in-brief-egoism-in-its-modern-interpretation-is-the-antithesis-not-of/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [According to your sympathy, you will take pleasure in your own happiness or in the happiness of other people; but it is always your…](https://sms4smile.com/quotes/john-buchanan-robinson/according-to-your-sympathy-you-will-take-pleasure-in-your-own/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [The business of a bank is to lend money; which amounts, nowadays, to lending credit.](https://sms4smile.com/quotes/john-buchanan-robinson/the-business-of-a-bank-is-to-lend-money-which-amounts-nowadays-to/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value…](https://sms4smile.com/quotes/john-buchanan-robinson/when-not-only-gold-but-all-commodities-are-available-for-the/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [But egoism is more than this. It is the realization by the individual that he is above all institutions and all formulas; that they…](https://sms4smile.com/quotes/john-buchanan-robinson/but-egoism-is-more-than-this-it-is-the-realization-by-the-individual/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [There is never enough gold to redeem all the currency in circulation.](https://sms4smile.com/quotes/john-buchanan-robinson/there-is-never-enough-gold-to-redeem-all-the-currency-in-circulation/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.](https://sms4smile.com/quotes/john-buchanan-robinson/at-present-financial-crises-occur-chiefly-because-the-paper-currency/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.](https://sms4smile.com/quotes/john-buchanan-robinson/in-precisely-the-same-way-money-is-often-hired-and-the-hire-paid-for/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) > [The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until it was forcibly suppressed by special act of Parliament.](https://sms4smile.com/quotes/john-buchanan-robinson/the-massachusetts-land-bank-during-colonial-times-prospered-and/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) [Explore all 27 John Buchanan Robinson quotes ](https://sms4smile.com/quotes/author/john-buchanan-robinson/) ## More Currency quotes > [A man walks down the street. 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If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I…](https://sms4smile.com/quotes/patrick-m-byrne/i-m-not-in-the-business-of-bayoneting-the-wounded-i-feel-the/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [If you do more than your share you'd better want to: otherwise, you're paying yourself in a currency recognized nowhere else.](https://sms4smile.com/quotes/james-richardson/if-you-do-more-than-your-share-you-d-better-want-to-otherwise-you-re/) [James Richardson](https://sms4smile.com/quotes/author/james-richardson/) > [“Relationships are the currency of business.”](https://sms4smile.com/quotes/brian-basilico/relationships-are-the-currency-of-business/) Brian Basilico > [The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it…](https://sms4smile.com/quotes/garet-garrett/the-spectacle-of-a-great-solvent-government-paying-a-fictitious-price/) [Garet Garrett](https://sms4smile.com/quotes/author/garet-garrett/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [This separation was absolute in our original Republic. But the sky-godders do not give up easily. In the 1950s they actually got the phrase…](https://sms4smile.com/quotes/gore-vidal/this-separation-was-absolute-in-our-original-republic-but-the-sky/) [Gore Vidal](https://sms4smile.com/quotes/author/gore-vidal/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [The euro is not a currency. It is a political weapon to force countries to implement the policies decided by the E.U. and keep…](https://sms4smile.com/quotes/marine-le-pen/the-euro-is-not-a-currency-it-is-a-political-weapon-to-force/) [Marine Le Pen](https://sms4smile.com/quotes/author/marine-le-pen/) > [“Key Points: ● Transparency - Blockchain offers significant improvements in transparency compared to existing record keeping and ledgers for many industries. ● Removal of…](https://sms4smile.com/quotes/mark-gates/key-points-transparency-blockchain-offers-significant-improvements-in/) Mark Gates > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. 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