Friday, January 09, 2009

Thomas Jefferson

In light of the current financial crisis, it's interesting to read what Thomas Jefferson said in 1802:

'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

4 Comments:

Blogger Ms Calabaza said...

Great quote. I'm seeing Atlas Shrugged before my eyes . . . I'd love to read your opinion of the Messiah's economic stimulus plan . . .

6:58 PM  
Blogger Tomás Estrada-Palma said...

It's the worst thing. All it is doing is making people try to line up to the trough for bailouts and stimulous money - when we should all be getting to work creating wealth. I think it may give the illusion all has been fix (with a hand helping from big media manipulation) - for a couple years. Then look out!

7:19 PM  
Blogger Ms Calabaza said...

Yep. I agree with you . . . it's really a Trojan horse, IMO. Let's pray for the best!

7:30 PM  
Blogger Tomás Estrada-Palma said...

Yes we should...

7:38 PM  

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