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 banknotes pass so long as nobody refuses them. But this all points to direct face-to-face verifications somewhere, without which the fabric of truth collapses like a financial system with no cash-basis whatever. You accept my verification of one thing, I yours of another. We trade on each other’s truth. But beliefs verified concretely by somebody are the posts of the whole superstructure.
Pg 91, Pragmatism – William James, ISBN 978-0-7607-4996-8