Saturday, September 13, 2014

the utmost stretch of human sagacity.........

"A moment's reflection must convince you of two things:  first, that lands are of permanent value;  that there is scarcely a possibility of their falling in price, but almost a moral certainty of their rising exceedingly in value.  And secondly, that our paper currency is fluctuating, that it has depreciated considerably, and that no human foresight can, with precision, tell how low it may get, as the rise or fall of it depends on contingencies which the utmost stretch of human sagacity  can neither foresee nor prevent."
- as excerpted from an October 12, 1778 letter George Washington wrote to his stepson.

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