Respectfully Quoted: A Dictionary of Quotations. 1989.
John Adams (17351826)
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.
JOHN ADAMS, letter to Thomas Jefferson, August 25, 1787.The Works of John Adams, ed. Charles Francis Adams, vol. 8, p. 447 (1853).