Be careful about lifting quotes from the Internet, Olddude.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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. That has not been found anywhere in Thomas Jefferson's writings. It has been identified as spurious, and indeed the words "inflation" and "deflation" as applied to the economy were not even invented until after Jefferson's lifetime. See Suzy Platt, ed., Respectfully Quoted: A Dictionary of Quotations Requested from the Congressional Research Service (Washington D.C.: Library of Congress, 1989; Bartleby.com, 2003).I believe that banking institutions are more dangerous to our liberties than standing armies. That's a paraphrase of a statement Jefferson made in a letter to John Taylor in 1816. Here's the full sentence: "And 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." - Thomas Jefferson to John Taylor, Monticello, 28 May 1816. Ford 11:533.The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. This a misquotation of a comment by Jefferson to John Wayles Eppes. What he actually said was, "Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs." - Thomas Jefferson to John Wayles Eppes, Monticello, 24 June 1813. Ford 11:30.
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