Here's What Thomas Jefferson Thought About Banks

President Thomas Jefferson

Photo: Wikimedia

Via Forbes:“I believe that banking institutions are more dangerous to our liberties than standing armies,” Jefferson wrote. “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 (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered… The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.”

Maybe he was scared of this… 23 Mind Blowing Facts About Inequality In America>> 
Update: readers are bringing it to our attention that this quote may be spurious. Check it out for yourself here.

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