THOMAS JEFFERSON
Macroknow Library |
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Thomas Jefferson On Politics & Government.
36. Money
& Banking
" Paper is poverty,
. . . it is only the ghost of money, and not money itself."1a
"The maxim of buying
nothing without the money in our pockets to pay for it would make
of our country one of the happiest on earth."1b
"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." 1c
PLATO
ARISTOTLE
AQUINAS
KANT
POUND
AYOUB
"The idea of creating a
national bank I do not concur in, because it seems now
decided that Congress has not that power (although I sincerely
wish they had it exclusively), and because I think there is
already a vast redundancy rather than a scarcity of paper medium." 1d
"[The]
Bank of the United States . . .
is one of the most deadly hostility existing, against the
principles and form of our Constitution. . ."1e
AYOUB
"There can be no safer
deposit on earth than the Treasury of the United States." 1f
"The bank mania . . .
is raising up a moneyed aristocracy in our country
which has already set the government at defiance . . .
These have taken deep root in the hearts of that class from
which our legislators are drawn, and the sop to
Cerberus from fable has become history. . ."1g
PAINE
MARX
AYOUB
"Everything predicted by
the enemies of banks, in the beginning, is now coming to pass.
We are to be ruined now by the deluge of bank paper. It
is cruel that such revolutions in private fortunes should be at
the mercy of avaricious adventurers, who, instead of
employing their capital, if any they have, in manufactures,
commerce, and other useful pursuits, make it an instrument to
burden all the interchanges of property with their swindling
profits, profits which are the price of no useful industry of
theirs."1h
PLATO
ARISTOTLE
AQUINAS
38. The
National Debt
" . . . There does not
exist an engine so corruptive of the government and so
demoralizing of the nation as a public debt. It
will bring on us more ruin at home than all the enemies from
abroad against whom this army and navy are to protect us."1i
KANT
SPENGLER
AYOUB
EDWARD
AYOUB'S
RECOMMENDATION TO LEGISLATORS AND
BORROWERS
-
No
legislator should pass legislation dealing with money, banking,
or debt,
- No
borrower should borrow a single dollar
without
first consulting the Thomas Jefferson quotations collected and
edited
by Eyler Robert Coates, Sr.
(chapters 36 and 38).
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Interesting Links
-
Thomas Jefferson
On Politics & Government. Quotations from the
Writings of Thomas Jefferson. Collected and
edited by Eyler
Robert Coates, Sr. Metairie, Jefferson Parish,
LA. Charlottesville, VA: University of
Virginia, 1995.
-
Thomas
Jefferson Digital Archive.
Charlottesville, VA: University of
Virginia.
-
The
Thomas Jefferson Papers.
Washington, DC: The Library of Congress.
This project is
funded by Reuters America, Inc., and The Reuters Foundation.
-
The
Papers of Thomas Jefferson. The Avalon Project at
Yale Law School.
New Haven, CT: Yale University,
1996-2007.
-
Papers
of Thomas Jefferson.
Barbara B. Oberg, General Editor.
Princeton, NJ: Princeton University.
[Projected 60-volume series.]
- The
Papers of Thomas Jefferson.
Princeton, NJ: Princeton University.
-
Thomas
Jefferson Papers: An Electronic Archive.
Boston, MA: The Massachusetts
Historical Society,
2003.
-
The
Papers of Thomas Jefferson: Retirement Series.
Monticello.
Charlottesville, VA:
Thomas Jefferson Foundation.
-
Founding
Fathers: Quotes on Liberty and Freedom from America's
Revolutionaries.
Ammo.com, 2018,
http://ammo.com/articles/founding-fathers-quotes.
Ammo.com's quote categories include: Freedom, Voting & Laws,
The Right to Bear Arms, Power & Peace, and Resistance Library.
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*
Italics in the original.
1
Thomas Jefferson
On Politics & Government. Quotations from the
Writings of Thomas Jefferson. Collected and
edited by Eyler
Robert Coates, Sr. Metairie, Jefferson Parish,
LA. Charlottesville, VA: University of
Virginia, 1995.
The
references below, provided by Coates, are of the form: SOURCE
VOLUME:PAGE; the sources are:
ME =
Memorial Edition, and FE = Ford Edition.
IV. Government Policy in a Republic
36. Money & Banking
1a
Thomas Jefferson to Edward Carrington, 1788. ME 7:36.
1b
Thomas Jefferson to Alexander Donald, 1787. ME 6:192.
1c
Thomas Jefferson to John Taylor, 1816. ME 15:23.
1d
Thomas Jefferson to Thomas Law, 1813. FE 9:433.
1e
Thomas Jefferson to Albert Gallatin, 1803. ME 10:437.
1f
Thomas Jefferson to Lafayette, 1825. ME 19:281.
1g
Thomas Jefferson to Josephus B. Stuart, 1817. ME 15:112.
1h
Thomas Jefferson to Thomas Cooper, 1814. ME 14:61.
38. The National Debt
1i
Thomas Jefferson to Nathaniel Macon, 1821. (The
quote was "generalized".) FE 10:193.
- FE =
The Writings of Thomas Jefferson.
Edition by Paul Leicester Ford, 10 Vols., New York, 1892-99.
- ME =
The Writings of Thomas Jefferson.
Memorial Edition (Lipscomb and Bergh, editors). 20 Vols.,
Washington, DC, 1903-04.
MK-BOOKS-JEFFERSON-20080530.
Updated 20180922.
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