Thomas Jefferson

[Lochloosa]

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 will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)

[trumad]

1. These founding fathers had to be alians...

Their so fricking smart and can read the future. How else to explain it.

[Lochloosa]

2. History can teach us so much. n/t

[ThomWV]

4. How else to explain? How about they read history and philosophy.

All you have to do to understand where Jefferson is coming from is to go back and read Locke (2nd essay), its all there.

[seemunkee]

3. More

I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.

I place economy among the first and most important virtues, and public debt as the greatest of dangers.
To preserve our independence, we must not let our rulers load us with perpetual debt.

The principle of spending money to be paid by future generations, under the name of funding,
is but swindling futurity on a large scale.