Quotation by

William James

Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.

William James

Truth

Understanding this quote AI Analysis

William James is saying that our ideas and beliefs are accepted as true mainly because people continue to trust and accept them without question. However, if those ideas are challenged or doubted, their acceptance can quickly disappear, just like money loses value if people stop accepting it.

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