Bankers Quote by Thomas Jefferson
“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.”
About This Quote
Source Treat: Notes on the State of Virginia, 1785
Money creation should be controlled by the public, not private banks, to ensure democratic ownership of currency.
In simple terms: People should control money, not banks.
Advocate for public monetary authority.
Themes
Mood
Type
When to use this quote
- tax policy debates
- central bank reforms
- community banking initiatives
Key Concepts
Questions to Reflect On
- How would public control of money affect inflation?
- What safeguards prevent misuse of public monetary power?
Implementation may face entrenched banking interests and political resistance.