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Saturday, December 20, 2008

The Nature of Coin

All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation. - John Adams 


This seems to hold true even over 200 years later - fantastic insight!


(Other posts on Money) 

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