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“Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. … An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.”
 By: | John Adams (more quotes by John Adams or books by/about John Adams) |
| (1735-1826) Founding Father, 2nd US President |
Source: | John Adams to Benjamin Rush: Dec. 27, 1810 |
Categories: | Aristocracy, Banking, Delusion, Fiat, Money |
Rating: |   |