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  • Let the influx of money be ever so great, if there be no confidence, property will sink in value... The circulation of confidence is better than the circulation of money.

    James Madison
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    James Madison (1836). “The Debates in the Several State Conventions on the Adoption of the Federal Constitution: As Recommended by the General Convention at Philadelphia in 1787. Together with the Journal of the Federal Convention, Luther Martin's Letter, Yates's Minutes, Congressional Opinions, Virginia and Kentucky Resolutions of '98-'99, and Other Illustrations of the Constitution”, p.538
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Let the influx of money be ever so great, if there be no confidence, property will sink in value... The circulation of confidence is better than the circulation of money. - James Madison
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