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Monday, April 14, 2008

Quote of the Day

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

2 comments:

Anonymous said...

In his personal life, Jefferson was a big spender, which led to excessive borrowing, which led to his personal bankruptcy. Monticello was sold at auction.

Wymzie said...

Maybe thats why he was so opposed to it.