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Thomas Jefferson on Private Banks

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson

I wonder if that quote is legit.  I suppose it doesn’t really matter.

5 comments

  1. Eddie: Thanks for the link. Jefferson was a slaver, a rapist and pedophile, but he could write his ass off. “Dear Sir,–On my return from a long journey and considerable absence from home, I found here the copy of your Enquiry into the principles of our government, which you had been so kind as to send me; and for which I pray you to accept my thanks. The difficulties of getting new works in our situation, inland and without a single bookstore, are such as had prevented my obtaining a copy before; and letters which had accumulated during my absence, and were calling for answers, have not yet permitted me to give to the whole a thorough reading; yet certain that you and I could not think differently on the fundamentals of rightful government, I was impatient, and availed myself of the intervals of repose from the writing table, to obtain a cursory idea of the body of the work.”

    We have much more schooling and much worse writing than we’ve had in a century or two or three. All we have now are smug liberal magazines who profess to be the arbiters of all things just, true and civilized. Oh, how the mighty have fallen.

  2. The funny thing is that everyone wrote like that back in the day — if they could write. That quality of writing persisted into the early 1900’s. It probably fell off in the 30’s and 40’s with the Depression, WWII, and the new waves of immigrants.

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