Bankers and banks Quote by John Adams
“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”
About This Quote
Source Speech: Address to the Continental Congress, 1775
Banks, when unchecked, can erode moral and economic foundations of society.
In simple terms: Banks can harm society if not regulated.
Key Takeaway
Regulate banks to protect public good.
Themes
economics
morality
politics
regulation
societal impact
Mood
cautious
critical
Type
political
historical
When to use this quote
- policy making
- financial oversight
- public advocacy
Key Concepts
financial power
public trust
economic stability
Questions to Reflect On
- How can we balance financial freedom with societal welfare?
- What safeguards prevent banking excesses?
A Different Perspective
Regulation may stifle innovation or credit availability.
![“[I]t is religion and morality alone which can establish the principles upon which freedom can securely stand. The only foundation of a free constitution is pure virtue.” quote by John Adams](https://sms4smile.com/quotes/img-quotes/495/john-adams-529_american-founding-fa_i-t-is-religion-and-morality-alone-which_2063414.jpg)
![“. . . Thirteen governments [of the original states] thus founded on the natural authority of the people alone, without a pretence of miracle or mystery, and which are destined to spread over the northern part of that whole quarter of the globe, are a great point gained in favor of the rights of…” quote by John Adams](https://sms4smile.com/quotes/img-quotes/348/john-adams-529_american-founding-fa_thirteen-governments-of-the-original-sta_1511762.jpg)
![“I will insist the Hebrews have [contributed] more to civilize men than any other nation. If I was an atheist and believed in blind eternal fate, I should still believe that fate had ordained the Jews to be the most essential instrument for civilizing the nations. They are the most glorious nation…” quote by John Adams](https://sms4smile.com/quotes/img-quotes/e34/john-adams-529_affair_i-will-insist-the-hebrews-have-contribut_104004.jpg)
![“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/9f3/thomas-jefferson-43_bankers_the-issuing-power-of-money-should-be-tak_636375.jpg)
