Republican (constitutionalist) former President Jefferson in a letter to Josephus B. Stuart, a Commonwealth of Kentucky surgeon: “That paper money [Bills of Credit] has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.”
[added 8/22/2026] Thanks to Jim Lorenz for this entry.
Subsequent Events:
References:
Thomas Jefferson to Josephus B. Stuart, 10 May 1817
founders.archives.gov/documents/Jefferson/03-11-02-0287
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/
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