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

—Thomas Jefferson

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About Thomas Jefferson

Portrait of Thomas Jefferson

Thomas Jefferson (April 13 [O.S. April 2], 1743 – July 4, 1826) was an American statesman, planter, diplomat, lawyer, architect, philosopher, and Founding Father who served as the third president of the United States from 1801 to 1809. He was the primary author of the Declaration of Independence. Following the...

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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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