Jefferson: Banking institutions are more dangerous than standing armies.
This quote by Thomas Jefferson reflects his deep concern about the influence and power of banking institutions in society. He believed that banks, by concentrating economic power and control over finances, could pose a greater threat to individual liberties and democracy than the military forces of a nation. Jefferson feared that a powerful banking system could manipulate the economy, create inequalities, and undermine the government, leading to corruption and tyranny. In contrast, a standing army, while potentially dangerous, is contained and can be held accountable to the citizenry. Thus, his statement underscores the importance of caution in the face of powerful financial institutions and advocates for vigilance in protecting democratic values and individual freedoms.
Quote By: Thomas Jefferson