“Paper currency, guarded by proper regulations and restrictions, is the life of commerce.”
Jordaine v. Lashbrooke (1798), 7 T. R. 605.
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William Henry Ashurst (judge)12
English judge 1725–1807Related quotes
Andrew Jackson (1767–1845) American general and politician, 7th president of the United States
Veto Message Regarding the Bank of the United States http://avalon.law.yale.edu/19th_century/ajveto01.asp (10 July 1832)<br>Often paraphrased as: If Congress has the right under the constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or corporations. <br class="br">1830s <br class="br">Context: It is maintained by some that the bank is a means of executing the constitutional power “to coin money and regulate the value thereof.” Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the Constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the Constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional.
Adam Smith (1723–1790) Scottish moral philosopher and political economist
Source: The Wealth of Nations (1776), Book I, Chapter XI, Part III, Conclusion of the Chapter, p. 292.
Context: The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
Vince Cable (1943) British Liberal Democrat politician
Brexit: Theresa May plans 'bold offer' to get support for deal https://www.bbc.co.uk/news/uk-politics-48323522 BBC News (19 May 2019) <br class="br">2019
“In nature's economy the currency is not money, it is life.”
Vandana Shiva (1952) Indian philosopher
Source: Earth Democracy: Justice, Sustainability, and Peace
George Washington (1732–1799) first President of the United States
Letter to Jabez Bowen https://founders.archives.gov/GEWN-04-04-02-0428 (9 January 1787) <br class="br">1780s
Adam Smith (1723–1790) Scottish moral philosopher and political economist
Source: The Wealth of Nations (1776), Book IV, Chapter II
Jean-Baptiste Say (1767–1832) French economist and businessman
Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XVII, Section II, p. 181