People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than… - Thomas Edison

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People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold.

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About Thomas Edison

Thomas Alva Edison (11 February 1847 – 18 October 1931) was an American inventor and businessman who developed many devices which greatly influenced life worldwide into the twenty-first century.

Biography information from Wikiquote

Also Known As

Birth Name: Thomas Alva Edison
Alternative Names: Thomas A. Edison Edison
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Shorter versions of this quote

If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. … It is absurd to say our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people.

Additional quotes by Thomas Edison

Opportunity is often missed because it comes dressed in overalls and looks like work.

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A good intention, with a bad approach, often leads to a poor result.

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