Quote by 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.
Summary
In this quote, the author suggests that banking establishments are more perilous or harmful than standing armies. They argue that the practice of ''funding'' - which entails borrowing money and expecting future generations to pay it back - is essentially a deceitful action that compromises the well-being and prospects of the future. The quote implies a skepticism or distrust towards banking institutions, highlighting potential dangers associated with their practices and their impact on future generations.
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