"The system of banking [is] a blot left in all our Constitutions,
which, if not covered, will end in their destruction...
I sincerely believe that banking institutions are more dangerous
than standing armies; and that the principle of spending money to
be paid by posterity... is but swindling futurity on a large scale." | by: | Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President |
Source: | stated in 1811 when President Jefferson refused to renew the charter for the First Bank of the United States (the 2nd central bank chartered by Congress in 1791) |
| |
