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 .
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.