Thomas Paine

Paper, considered as a material whereof to make money, has none of the requisite qualities in it. It is too plentiful, and too easily come at. It can be had anywhere, and for a trifle....Paper money appears at first sight to be a great saving, or rather that it costs nothing; but it is the dearest money there is.... The only proper use for paper, in the room of money, is to write promissory notes and obligations of payment in specie upon. The value of such a note is not in the note itself...

Thomas Paine was more than a pamphleteer for the cause of the American revolution. He was a serious political philosopher, as this excerpt from The Rights of Man demonstrates. In many ways, he anticipated the insights of Mises, Rothbard, and Hayek. “A great part of that order which reigns among mankind is not the effect of government. It had its origin in the principles of society, and the natural constitution of man. It existed prior to government, and would exist if the formality of government was abolished. The mutual dependence and reciprocal interest which man has in man and all the parts of a civilized community upon each other create that great chain of connection which holds it together. “