"No man's credit is as good as his money"
About this Quote
A pragmatist like John Dewey doesn’t romanticize “credit” as character; he treats it as a social instrument, and this line reads like a cold inventory of how trust actually circulates. “Credit” sounds moral - reputation, reliability, the intangible glow of being “good for it.” Dewey punctures that halo. In modern life, your standing is less a spiritual ledger than an economic one, and the final arbiter is cash.
The quote works because it compresses an entire critique of capitalist society into the plainest terms. “No man’s” makes it universal, not accusatory: even the virtuous aren’t exempt. “As good as” is the sly part. It suggests a comparison between two kinds of value - social esteem versus material backing - and then quietly announces which one wins when stakes rise. The sentence has the blunt cadence of a proverb, which is fitting: Dewey is diagnosing a civic folk wisdom we pretend not to believe while living by it.
Context matters. Dewey wrote through the explosive growth of corporate capitalism, consumer credit, and urban anonymity, when trust migrated from face-to-face communities to institutions, contracts, and ledgers. In that world, “credit” becomes both metaphor and mechanism: your name becomes a score, a risk profile. The subtext isn’t that money is virtuous; it’s that money is legible. It converts messy human judgment into something banks, landlords, and employers can act on quickly. Dewey’s sting is democratic: when worth is measured by liquidity, equal citizenship gets quietly replaced by unequal purchasing power.
The quote works because it compresses an entire critique of capitalist society into the plainest terms. “No man’s” makes it universal, not accusatory: even the virtuous aren’t exempt. “As good as” is the sly part. It suggests a comparison between two kinds of value - social esteem versus material backing - and then quietly announces which one wins when stakes rise. The sentence has the blunt cadence of a proverb, which is fitting: Dewey is diagnosing a civic folk wisdom we pretend not to believe while living by it.
Context matters. Dewey wrote through the explosive growth of corporate capitalism, consumer credit, and urban anonymity, when trust migrated from face-to-face communities to institutions, contracts, and ledgers. In that world, “credit” becomes both metaphor and mechanism: your name becomes a score, a risk profile. The subtext isn’t that money is virtuous; it’s that money is legible. It converts messy human judgment into something banks, landlords, and employers can act on quickly. Dewey’s sting is democratic: when worth is measured by liquidity, equal citizenship gets quietly replaced by unequal purchasing power.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
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