“Ignorance of the nature of coin, credit, and circulation”

“All the perplexities, confusion and distress in  America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.”

— John Adams
(1735-1826) Founding Father, 2nd US President
Source: in a letter to Thomas Jefferson in 1787

john-adams njd

“No man will labor for himself who can make another labor for him.”

— Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source: Notes on Virginia

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About Iowa Life

Experiencing life in Iowa.
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