Tuesday, March 17, 2009

Thomas Jefferson on Private Banking Institutions

“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.”

Jefferson wrote that in 1802... shows how old and endemic the issue is.

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