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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


#debt #deficit-spending #government #loans #political-science



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Removing or preventing corrupting dependence would enable men to be equal in practice. At age 16 Jefferson entered the College of William & Mary in Williamsburg and first met the law professor George Wythe who became his influential mentor. 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 (April 13 1743 (April 2 1743 O. Elected Vice President in 1796 when he came in second to John Adams of the Federalists Jefferson opposed Adams and with Madison secretly wrote the Kentucky and Virginia Resolutions which attempted to nullify the Alien and Sedition Acts. In 1803 President Jefferson initiated a process of Indian tribal removal and relocation to the Louisiana Territory west of the Mississippi River in order to open lands for eventual American settlers.

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