| Respectfully Quoted: A Dictionary of Quotations. 1989. | | | |
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| | | NUMBER: | 1200 |
| AUTHOR: | John Adams (1735–1826) |
| QUOTATION: | 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. |
| ATTRIBUTION: | JOHN ADAMS, letter to Thomas Jefferson, August 25, 1787.—The Works of John Adams, ed. Charles Francis Adams, vol. 8, p. 447 (1853). |
| SUBJECTS: | Money |
| BIOGRAPHY: | Columbia Encyclopedia | | |
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