Tuesday, November 25, 2008

Told you so

I believe that banking institutions are more dangerous to our liberties than standing armies. 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 the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
-Pres. Thomas Jefferson, 1802
(H/t to Planet Money Blog)

1 comment:

Anonymous said...

Maybe it's my conspiratorial mind but it seems to me that with the disappearance of the middle class and now the mortgage crisis, we are destined to be a nation filled with wealthy landowners and lowly serfs.

SIL