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Money As Debt
Jefferson, Thomas

Thomas Jefferson on banks creating money

quoteIf 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.
speakerThomas Jefferson
sourceQuoted by Chuck Butler in the Daily Pfennig 2009-01-29