Thomas Jefferson Quote

"I consider the foundation of the Constitution as laid on this ground that 'all powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are preserved to the states or to the people.' ... To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill (chartering the first Bank of the United States), have not, been delegated to the United States by the Constitution."

By:	Thomas Jefferson (more quotes by Thomas Jefferson or books by/about Thomas Jefferson)
	(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source:	in opposition to the chartering of the first Bank of the United States (1791).
Categories:	Banking, Constitution, Economics, Fed, Money, IRS, Taxation
Rating: