Thomas Paine on Paper Money

Thomas Paine on Paper Money

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I remember a German farmer expressing as much in a few words as the whole subject requires; “money is money, and paper is paper.” All the invention of man cannot make them otherwise. The alchemist may cease his labors, and the hunter after the philosopher’s stone go to rest, if paper can be metamorphosed into gold and silver, or made to answer the same purpose in all cases. Gold and silver are the emissions of nature: paper is the emission of art. The value of gold and silver is ascertained by the quantity which nature has made in the earth....
Source: https://www.newswars.com/thomas-paine-on-paper-money/