--- title: "Meaning & Key Takeaway of: It is absurd to say that our country can…" description: "\"It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens ..." image: "https://sms4smile.com/quotes/i/9a8/thomas-a-edison-866_absurd_it-is-absurd-to-say-that-our-country-can_2583088.jpg" --- # It is absurd to say that our country can issue $30,000,000… ![“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good…” quote by Thomas A. Edison](https://sms4smile.com/quotes/i/9a8/thomas-a-edison-866_absurd_it-is-absurd-to-say-that-our-country-can_2583088.jpg) [Download](https://sms4smile.com/quotes/i/9a8/thomas-a-edison-866_absurd_it-is-absurd-to-say-that-our-country-can_2583088.jpg) [Open image](https://sms4smile.com/quotes/i/9a8/thomas-a-edison-866_absurd_it-is-absurd-to-say-that-our-country-can_2583088.jpg) > “It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.” [Thomas A. Edison](https://sms4smile.com/quotes/author/thomas-a-edison/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Government bonds and currency are both promises, but bonds enrich bankers while currency aids citizens; debt harms national wealth. **In simple terms:** Bonds enrich bankers, currency helps people; debt harms wealth. Key Takeaway Prefer issuing currency over debt. Themes economics public finance inequality Mood cautious critical Type policy analytical When to use this quote - National budgeting - public debt management - financial education Key Concepts Monetary policy interest rates government debt Questions to Reflect On - How can governments balance debt and growth? - What alternatives exist to high‑interest borrowing? A Different Perspective Excessive debt can still be necessary for infrastructure. ★ ★ ★ ★ ★ No ratings yet [Absurd](https://sms4smile.com/quotes/about/absurd/) [Bankers](https://sms4smile.com/quotes/about/bankers/) [Bonds Issued](https://sms4smile.com/quotes/about/bonds-issued-1794957/) [Country](https://sms4smile.com/quotes/about/country/) [Currency](https://sms4smile.com/quotes/about/currency/) [Currency Issued](https://sms4smile.com/quotes/about/currency-issued-1794956/) [Currency Promises](https://sms4smile.com/quotes/about/currency-promises-1794954/) [Debt](https://sms4smile.com/quotes/about/debt/) [Gold](https://sms4smile.com/quotes/about/gold/) [Government](https://sms4smile.com/quotes/about/government/) [Hands](https://sms4smile.com/quotes/about/hands/) [Helping](https://sms4smile.com/quotes/about/helping/) [Historical](https://sms4smile.com/quotes/about/historical/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Increase](https://sms4smile.com/quotes/about/increase/) [Interest](https://sms4smile.com/quotes/about/interest/) [Issues](https://sms4smile.com/quotes/about/issues/) [Men](https://sms4smile.com/quotes/about/men/) [National Wealth](https://sms4smile.com/quotes/about/national-wealth-376840/) [Our country](https://sms4smile.com/quotes/about/our-country/) [Pay](https://sms4smile.com/quotes/about/pay/) [People](https://sms4smile.com/quotes/about/people/) [People Currency](https://sms4smile.com/quotes/about/people-currency-1794955/) [Politics](https://sms4smile.com/quotes/about/politics/) [Promise](https://sms4smile.com/quotes/about/promise/) [Situation](https://sms4smile.com/quotes/about/situation/) [Submit](https://sms4smile.com/quotes/about/submit/) [Terrible](https://sms4smile.com/quotes/about/terrible/) [Values](https://sms4smile.com/quotes/about/values/) [Wealth](https://sms4smile.com/quotes/about/wealth/) [Would be](https://sms4smile.com/quotes/about/would-be/) ## Related quotes > [It is the people who constitute the basis of Government credit. 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