It may seem as though this week’s Quotation is off topic. But the people in music are as impacted by the actions of banks and credit institutions as anyone else. If those actions were a danger in Jefferson’s time — as they obviously were — they’re an even greater danger at a time when instantaneous media and inadequate government supervision combine to generate so many more ways to “deprive the people of all property.”
DH
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“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.”
Thomas Jefferson
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