Accidents Quote by Thomas Paine
“One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.”
About This Quote
Source Treat: Common Sense, 1776
Paper money lacks intrinsic value, causing speculation and moral decay as people treat the economy like a gamble.
In simple terms: Paper money leads to speculation and moral decline.
Key Takeaway
Avoid reliance on unstable currency.
Themes
economics
morality
speculation
Mood
cautious
critical
Type
political
economic
When to use this quote
- government budgeting
- personal finance
- investment decisions
- policy making
Key Concepts
inflation
trust
political economy
Questions to Reflect On
- How does speculation affect everyday citizens?
- What safeguards can protect economic morals?
A Different Perspective
Paper money can also fund productive ventures if regulated.
![“All that stock of arguments [the skeptics] produce to depreciate our faculties, and make mankind appear ignorant and low, are drawn principally from this head, to wit, that we are under an invincible blindness as to the true and real nature of things.” quote by George Berkeley](https://sms4smile.com/quotes/img-quotes/dc0/george-berkeley-8287_argument_all-that-stock-of-arguments-the-skeptics_973459.jpg)
