Do you agree with Thomas Jefferson when he said in 1802:
I believe that banking institutions are more dangerous to our liberties
than standing armies. If the American people ever allow private banks to
control the issue of their currency, first by inflation, then by
deflation, the banks and corporations that will grow up around the banks
will deprive the people of all property - until their children wake-up
homeless on the continent their fathers conquered.
You have to understand the historical context and Jeff's dislike of banking institutions seem to have little to do with the merits/demerits of banks in of themselves. Jefferson had a hatred of banks because they were creditors, and he was a debtor from a very early age. Most of his asset was in land which he inherited from his father and father-in-law. Historians will tell you he ran up considerable debts while serving as the US minister to France mostly because of his own extravagence for French wines, entertaining guests, and a large household of staff (ie slaves). Secondly, Jefferson disliked the British because British banks lent credit to the colonies and then the fledgling United States. Jefferson's dislike of banking institutions had deep personal and political motives. He hated big government just as much - again, ramifications of his Whig political roots against English tyranny which was thought to originate from the King.
by pisean282311 7 years ago
Fix Reason firmly in her seat, and call to her tribunal every fact, every opinion. Question with boldness even the existence of a God; because, if there be one, he must more approve the homage of reason than of blindfolded fear. ... Do not be frightened from this inquiry by any fear of its...
by egiv 7 years ago
There are too many guns in the United States. How many more shootings need to happen for people to realize that the second amendment is outdated. I'm not trying to say that nobody should be allowed to have one, I have nothing against hunters, but that they shouldn't be a dime a dozen like they are...
by My Esoteric 7 years ago
Could Thomas Jefferson win today's Republican 2012 Presidential Nomination?I will ask this question with a past famous President or personage. I thought it might be interesting to see who knows their history or just their myth.
by SparklingJewel 8 years ago
If there is anyone that doesn't understand the patriot/conservative view, here is a post that explains freedom and liberty from one facet of that perspectivehttp://patriotpost.us/alexander/2010/07 … e-forever/I choose to look for the aspects that can be agreed upon in any ...
by platinumOwl4 2 years ago
Did Thomas Jefferson a plagiarize?Thomas Jefferson wrote: Life, liberty and the pursuit of happiness. Jacques Rousseau wrote: life liberty and the pursuit of property. Is this plagiarism?
by JOC 7 months ago
The same party that says we should support the troops and law enforcement argues that we need to own semi-automatic weapons because we can't trust the troops and law enforcement.
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|