Summary
This quote, often attributed to Thomas Jefferson, suggests that banking institutions pose a greater threat to society than even standing armies. The statement could be interpreted to mean that while a military force can physically harm individuals or nations, the power wielded by banks and financial institutions can cause widespread economic disruption and instability. It highlights the potential dangers of unchecked or unregulated banking practices, emphasizing the need for responsible management of the economic system to prevent detrimental consequences.
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