Thomas Jefferson Banking Quotes & Sayings

The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens. — Thomas Jefferson

Vast accession of strength from their younger recruits, who having nothing in them of the feelings or principles of '76 now look to a single and splendid government of an Aristocracy, founded on banking institutions and monied in corporations under the guise and cloak of their favored branches of manufactures commerce and navigation, riding and ruling over the plundered ploughman and beggared yeomanry. — Thomas Jefferson

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. — Thomas Jefferson

To achieve these Jeffersonian ends, Alexander Hamilton - Jefferson's philosophical rival - devised an ingenious strategy that entailed a strong manufacturing base, a national banking system, a centralized federal government, and an export-led economic scheme protected by the U.S. Navy. — Patrick Mendis

Thomas Jefferson had rather serious concerns about the fate of the democratic experiment.28 He feared the rise of a new form of absolutism that was more ominous than the British rule overthrown in the American Revolution. He distinguished in his later years between what he called "aristocrats and democrats."29 And then he went on to say, "I hope we shall ... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial and bid defiance to the laws of our country."30 He also wrote, "I sincerely believe ... that banking establishments are more dangerous than standing armies."31 That's the kind of quote from a Founding Father you don't see too much. — Noam Chomsky

Stock dealers and banking companies, by the aid of a paper system, are enriching themselves to the ruin of our country, and swaying the government by their possession of the printing presses, which their wealth commands and by any other means, not always honorable to the character of our countrymen. — Thomas Jefferson

The country is headed toward a single and splendid government of an aristocracy founded on banking institutions and moneyed incorporations and if this tendency continues it will be the end of freedom and democracy, the few will be ruling ... I hope we shall ... crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to trial and bid defiance to the laws of our country. I sincerely believe that banking establishments are more dangerous than standing armies. — Thomas Jefferson

The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause, the banking system — Thomas Jefferson

The dominion which the banking institutions have obtained over the minds of our citizens ... must be broken, or it will break us. — Thomas Jefferson

Many are the exercises of power reserved to the States wherein a uniformity of proceeding would be advantageous to all. Such are quarantines, health laws, regulations of the press, banking institutions, training militia, etc., etc. — Thomas Jefferson

I believe that banking institutions are more dangerous to our liberties than standing armies. — Thomas Jefferson

We are overdone with banking institutions, which have banished the precious metals, and substituted a more fluctuating and unsafe medium ... These have withdrawn capital from useful improvements and employments to nourish idleness ... These are evils more easily to be deplored than remedied. — Thomas Jefferson

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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered ... I believe that banking institutions are more dangerous to our liberties than standing armies ... The issuing power should be taken from the banks and restored to the people to whom it properly belongs. — Thomas Jefferson

I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies. — Thomas Jefferson