Historical Quote by Thomas Jefferson

The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.

— Thomas Jefferson

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money…

— Irving Fisher

In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same…

— David Ricardo

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.

— Ludwig von Mises

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

— Milton Friedman

Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order: there…

— Franklin D. Roosevelt

Paper money is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.

— Thomas Jefferson

But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we…

— George Washington

Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately…

— George Washington

“The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious…

— Mark Goodwin

It might otherwise appear paradoxical that money can be replaced by worthless paper; but that the slightest alloying of its metallic content depreciates it.

— Karl Marx

Paper is poverty, it is only the ghost of money, and not money itself.

— Thomas Jefferson