An interesting quotation from 206 years ago
October 10th, 2008 at 12:03pm Pat Cunningham
“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
One problem, however: Jefferson apparently NEVER SAID any such thing.
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3 Comments Add your own
1. DingDong | October 10th, 2008 at 6:18 pm
Here is the real quote actually somewhat close.
“I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
http://www.truthorfiction.com/rumors/j/jefferson-banking.htm
2. DingDong | October 10th, 2008 at 6:19 pm
Sorry wrong link:
http://www.teachingamericanhistory.org/library/index.asp?document=308
3. snuss | October 11th, 2008 at 4:13 pm
Ben Franklin said:
“There is no kind of dishonesty into which otherwise good people more easily and more frequently fall than that of defrauding the government.”
“Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters.”
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