Absurd Quote by Thomas A. Edison
“If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.”
About This Quote
Source Speech: Economic Commentary, 1905
Bonds and currency both promise payment, but bonds enrich intermediaries while currency benefits contributors.
In simple terms: Money forms differ in who profits.
Key Takeaway
Prefer currency that rewards contributors.
Themes
economics
finance
fairness
Mood
thoughtful
analytical
Type
historical
economic
When to use this quote
- budgeting
- investment decisions
- tax reform
Key Concepts
Monetary theory
public policy
Questions to Reflect On
- How can we ensure currency serves the people?
- What reforms reduce usury?
A Different Perspective
May overlook complexities of financial systems.
