Thomas Jefferson: Profiled People in Economics and Banking

Executive Summary

• Thomas Jefferson opposed private banking interests.

Introduction

Jefferson despised private banking which led to arguments with Alexander Hamilton. Jefferson wanted the US to issue its own money. The following quote described Jefferson’s view of private banking.

“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 / AZ Quotes

This quote continues this theme.

“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.” ~ Thomas Jefferson / AZ Quotes