All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.

In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.

Originally, Congress provided in 1793 that all foreign coins circulating in the United States be legal tender. Indeed, foreign coins have been estimated to form 80 percent of American domestic specie circulation in 1800.

If a newspaper is to be of real service to the public, it must have a big circulation: first, because its news and its comments must reach the largest possible number of people; second, because circulation means advertising, and advertising means money, and money means independence.

"Just as wealth is no longer measured by the ostentation of wealth but by the secret circulation of speculative capital, so

Tourism, human circulation considered as consumption is fundamentally nothing more than the leisure of going to see what has become banal.

Calling sex by its name thereafter [the 17th c.] became more difficult and more costly. As if in order to gain mastery of it in reality, it had first been necessary to subjugate it at the level of language, control its free circulation in speech, expunge it from the things that were said, and extinguish the words that rendered it too visibly present.

All the perplexities confusion and distress in America arise not from defects in their Constitution or Confederation not from want of honor or virtue so much as from the downright ignorance of the nature of coin credit and circulation.

The circulation of confidence is better than the circulation of money.

Newspapers with declining circulations can complain all they want about their readers and even say they have no taste. But you will still go out of business over time. A newspaper is not a public trust - it has a business model that either works or it doesn't.