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John Lancaster Spalding

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Liberty is more precious than money or office; and we should be vigilant lest we purchase wealth or place at the price of inner freedom.
--
p. 77

 
John Lancaster Spalding

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Labour was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.

 
Adam Smith
 

Time is money — says the vulgarest saw known to any age or people. Turn it round about, and you get a precious truth —money is time. I think of it on these dark, mist-blinded mornings, as I come down to find a glorious fire crackling and leaping in my study. Suppose I were so poor that I could not afford that heartsome blaze, how different the whole day would be! Have I not lost many and many a day of my life for lack of the material comfort which was necessary to put my mind in tune? Money is time. With money I buy for cheerful use the hours which otherwise would not in any sense be mine; nay, which would make me their miserable bondsman. Money is time, and, heaven be thanked, there needs so little of it for this sort of purchase. He who has overmuch is wont to be as badly off in regard to the true use of money, as he who has not enough. What are we doing all our lives but purchasing, or trying to purchase, time? And most of us, having grasped it with one hand, throw it away with the other.

 
George Gissing
 

An earlier variant by Franklin in Poor Richard's Almanack (1738): "Sell not virtue to purchase wealth, nor Liberty to purchase power."

 
Benjamin Franklin
 

Freedom and liberty lose out by default because good people are not vigilant.

 
Desmond Tutu
 

Courtney's statement however is probably derived from an earlier statement with several variants:
The price of freedom is eternal vigilance.
The price of liberty is eternal vigilance.
Eternal vigilance is the price of liberty.

 
George Marshall
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