What Thomas Jefferson has to say about banks…

December 18, 2008

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.”

Thomas Jefferson 1802

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Comments

2 Responses to “What Thomas Jefferson has to say about banks…”

  1. Ray Casey on January 17th, 2009 2:54 pm

    Brilliant… How relevant, timely and appropriate. Thanks for the reference

  2. J.D. Elleman on July 13th, 2009 4:38 pm

    A great quote, but not from Thomas Jefferson. No record of this quote appeared until 1937, over 100 years after his death. It has never been found in any correspondence to or from Jefferson.

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