I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by poste… - Thomas Jefferson

" "

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.

English
Collect this quote

About Thomas Jefferson

Thomas Jefferson (13 April 1743 – 4 July 1826) was author of the Declaration of Independence (1776) and the Virginia Statute for Religious Freedom (1777), founder of the University of Virginia (1819), the third president of the United States (1801–1809), a political philosopher, editor of Jefferson's Bible (1819), and one of the most influential founders of the United States.

Biography information from Wikiquote

Also Known As

Alternative Names: President Jefferson T. Jefferson
Limited Time Offer

Premium members can get their quote collection automatically imported into their Quotewise collections.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Shorter versions of this quote

The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Additional quotes by Thomas Jefferson

I find that the harder I work, the more luck I seem to have.

Loading...