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

—Thomas Jefferson

About Thomas Jefferson

Portrait of Thomas Jefferson

Thomas Jefferson (April 13 [O.S. April 2], 1743 – July 4, 1826) was a Founding Father and the third president of the United States, serving from 1801 to 1809. A prolific writer and philosopher, Jefferson was the primary author of the Declaration of Independence. His political philosophy formed the basis...

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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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

—Unknown

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