Thomas Jefferson Quote


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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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.  - Thomas Jefferson
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Thomas Jefferson
Source/Notes:
As quoted in: "Public Papers of the Presidents of the United States", National Archives and Records Service, 1984, p. 672

Thomas Jefferson
Picture Source: Wikimedia Commons
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Born: April 13, 1743

Died: July 4, 1826 (aged 83)

Nationality: American

Occupation: President

Bio: Thomas Jefferson was an American Founding Father, the principal author of the Declaration of Independence and the third President of the United States. At the beginning of the American Revolution, he served in the Continental Congress, representing Virginia and then served as a wartime Governor of Virginia. Just after the war ended, from mid-1784 Jefferson served as a diplomat, stationed in Paris.

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