They were in this dilemma: If they continued to receive the assignats, cash must become an alien to their Treasury; if the Treasury should refuse those paper amulets, or should discountenance them in any degree, they must destroy the credit of their sole resource.
Burke discusses the dilemma faced by the Assembly regarding the acceptance of assignats, reflecting on the complexities of currency and trust.
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Our people will find employment enough for a truly patriotic, free, and independent spirit, in guarding what they possess from violation.
Not being illuminated with the light of which the gentlemen of France tell us they have got so abundant a share, they acted under a strong impression of the ignorance and fallibility of mankind.
If any of them should happen to propose a scheme of liberty soberly limited, and defined with proper qualifications, he will be immediately outbid by his competitors, who will produce something more splendidly popular.
I think our happy situation owing to our Constitution,--but owing to the whole of it, and not to any part singly,--owing in a great measure to what we have left standing in our several reviews and reformations, as well as to what we have…
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