This quote is taken egregiously out of context.[1] You could still say its a nice quote, but its power comes from an appeal to authority, in this case, a founding father, and despite the fallacy inherent in such a tactic, the extent to which it does not apply to the liberties we talk about today suggest we could do much better than to bring it up every time.
[1] https://www.lawfareblog.com/what-ben-franklin-really-said