Thomas Jefferson, Ambassador to the Kingdom of France, in a letter to Delegate Edward Carrington, to the Eighth Confederation Congress from the Commonwealth of Virginia: “[P]aper is poverty, … it is only the ghost of money, and not money itself.”
[added 7/31/2026] Thanks to Jim Lorenz for this entry.
Subsequent Events:
References:
The Writings of Thomas Jefferson, Memorial Edition 20 volumes, (Lipscomb and Bergh, editors) (Washington, D.C., 1903-04), 7:36, 38.
Quotes by Thomas Jefferson on Monetary policy | Thoughts about Gold, Silver, and other stuff.htm
www.rapidtrends.com/quotes-by-thomas-jefferson-on-monetary-policy/
Current U.s. National Debt:
