Quote by Thomas Jefferson

The monopoly of a single bank is certainly an evil. The multiplication of them was intended to cure it; but it multiplied an influence of the same character with the first, and completed the supplanting the precious metals by a paper circulation. Between such parties the less we meddle the better.

The monopoly of a single bank is certainly an evil. The mult

Summary

This quote, attributed to Thomas Jefferson, criticizes the existence of a single dominant bank, stating that it is undoubtedly an unfortunate situation. The solution to this problem was to create multiple banks, with the intention of rectifying the issue. However, Jefferson argues that the proliferation of banks only intensified their negative influence, replacing valuable precious metals with a system reliant on paper money. Given the nature of these institutions, Jefferson suggests that it is best to refrain from interference and involvement between these parties.

Topics

Character

By Thomas Jefferson

Liked the quote? Share it with your friends.

Random Quotations

The truth is, there is no line. There's only your life, how

The truth is, there is no line. There's only your life, how you mess it up, and who is there to save you.Or who isn't.

Life Love People

Listen, my friend, there are two races of beings. The masses

Listen, my friend, there are two races of beings. The masses teeming and happy --common clay, if you like --eating, breeding, working, counting their pennies; people who just live; ordinary people; people you can't imagine dead. And then there are the others --the noble ones, the heroes. The ones you can quite well imagine lying shot, pale and tragic; one minute triumphant with a guard of honor, and the next being marched away between two gendarmes.

Heroes/heroism

I love children, and most of my involvement now has to do wi

I love children, and most of my involvement now has to do with children or youth programs.

Love

Old hackers never die. They just go to bitnet.

Old hackers never die. They just go to bitnet.

Internet

Good poetry seems too simple and natural a thing that when w

Good poetry seems too simple and natural a thing that when we meet it we wonder that all men are not always poets. Poetry is nothing but healthy speech.

Henry David Thoreau

Poetry Speech Mankind

Under the auspices of peace, our comprehensive renaissance w

Under the auspices of peace, our comprehensive renaissance will be built, and it will be a model for those who wish to emulate it in the greater Arab homeland.

Peace

Telling lies and showing off to get attention are the mistak

Telling lies and showing off to get attention are the mistakes I made that I don't want my kids to make.

Parenting

The extreme limit of wisdom --that's what the public calls m

The extreme limit of wisdom --that's what the public calls madness.

I was always amazed about how much I could finally squeeze i

I was always amazed about how much I could finally squeeze into a thirty second commercial.

Amazing

What a waste of time to be posthumously famous.

What a waste of time to be posthumously famous.

Orson Scott Card

Fame

To be right is dangerous, it has ever been the source of all

To be right is dangerous, it has ever been the source of all intolerance.

Dr. Paul Tournier

Right

For a change, lady luck seemed to be smiling on me. Then aga

For a change, lady luck seemed to be smiling on me. Then again, maybe the fickle wench was just lulling me into a false sense of security while she reached for a rock.

Change