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Respectfully Quoted: A Dictionary of Quotations. 1989.

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).