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To Ensure Permanent Prosperity

7/18/2019

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     "The third great measure necessary to ensure us permanent prosperity, should ensure resources of money by the suppression of all paper circulation during peace, and licensing that of the nation alone during war.  The metallic medium of which we should be possessed at the commencement of a war, would be a sufficient fund for all the loans we should need through its continuance; and if the national bills issued, be bottomed (as is indispensable) on pledges of specific taxes for their redemption within certain and moderate epochs, and be of proper denominations for circulation, no interest on them would be necessary or just, because they would answer to every one the purposes of the metallic money withdrawn and replaced by them."

-Thomas Jefferson

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