One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.
Thomas PainePanics, in some cases, have their uses; they produce as much good as hurt. Their duration is always short; the mind soon grows through them and acquires a firmer habit than before. But their peculiar advantage is, that they are the touchstone of sincerity and hypocrisy, and bring things and men to light, which might have lain forever undiscovered.
Thomas PaineIf men will permit themselves to think, as rational beings ought to think, nothing can appear more ridiculous and absurd, exclusive of all moral reflections, than to be at the expence of building navies, filling them with men, and then hauling them into the ocean, to try which can sink each other fastester. Peace, which costs nothing, is attended with infintely more advantage than any victory with all its expence. But this, though it best answers the purpose of Nations, does not that of Court Governments, whose habited policy is pretence for taxation, places, and offices.
Thomas PaineHeaven knows how to put a proper price upon its goods. It would be strange indeed if so celestial an article as Freedom should not be highly rated. Britain, with an army to enforce her tyranny, has declared that she has a right (not only to tax) but "to bind us in all cases whatsoever," and if being bound in that manner, is not slavery, then is there not such a thing as slavery upon earth. Even the expression is impious, for so unlimited a power can belong only to God.
Thomas Paine