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All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.

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Source Notes: Source: JOHN ADAMS, letter to Thomas Jefferson, August 25, 1787.The Works of John Adams, ed. Charles Francis Adams, vol. 8, p. 447 .

A bit about John Adams ...

John Adams (October 30, 1735 July 4, 1826) was the first (1789 1797) Vice President of the United States, and the second (1797 1801) President of the United States.

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