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About this quote

What does it mean?
Adams blames America's problems on misunderstanding money, credit, and circulation rather than moral failings.
In plain terms
Economic ignorance, not lack of virtue, causes America's troubles.
What can you take from it?
Improve public financial literacy to address national issues.

Where it applies

  • public education reform
  • policy debates

Putting it to work

  • teaching basic economics in schools
  • public seminars on credit

Questions to consider

  • How much does financial knowledge affect civic stability?
  • What other factors contribute to national distress?

Another view

Moral and political factors also influence national outcomes.

More from John Adams

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  3. The science of government it is my duty to study, more than all other sciences; the arts of legislation and administration and negotiation ought to take the pl…

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