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Showing posts with label Thomas Jefferson on currency and liberty. Show all posts
Showing posts with label Thomas Jefferson on currency and liberty. Show all posts

Wednesday, November 12, 2008

Quote of the Day - Thomas Jefferson on banks,inflation,deflation and currency

"If the American people ever allow the banks to control the issuance of their currency, first by inflation, and 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 ... I sincerely believe that the banking institutions having the issuing power of money are more dangerous to liberty than standing armies." --Thomas Jefferson