"We trust God," says the reverse of US dollars tickets; But the person in which one is really trusting when he accepts one of them as payment is the current successor of the man who is on the obverse {Alexander Hamilton, the first Secretary of the United States Treasury}

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The quote highlights a deeper layer of meaning behind the phrase "We trust God" printed on US dollar bills. While it suggests a reliance on divine providence, the reality is that individuals are placing their trust in the established financial systems and the authorities that oversee them. This emphasizes the role of government and institutions in maintaining the value and trustworthiness of currency.

Niall Ferguson's book, "The Triumph of Money," draws attention to the shift from spiritual to secular trust. When people accept dollars as payment, they are, in effect, relying on the legitimacy and authority of the current leaders, reminiscent of Alexander Hamilton's foundational role in shaping America's financial system. This illustrates the evolution of trust from a divine context to a more institutional one in modern economies.

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February 04, 2025

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