Banking Quote by Thomas Jefferson
![“The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/e26/thomas-jefferson-43_banking_the-system-of-banking-have-for-ever-repr_402738.jpg)
“The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.”
About This Quote
Source Speech: Remarks on Banking, 1791
It condemns banking as a corrupting force that threatens constitutional integrity and societal morals.
In simple terms: Banking corrupts and endangers freedoms.
Key Takeaway
Guard against banking corruption.
Themes
politics
economics
ethics
Mood
cautionary
serious
Type
historical
political
When to use this quote
- policy making
- financial regulation
- public discourse
- activism
Key Concepts
corruption
constitutional risk
Questions to Reflect On
- What reforms could reduce banking abuse?
- How balance economic benefits with moral concerns?
A Different Perspective
Banking may also provide stability and growth.
![“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)
![“[States and the Federal government are] coordinate departments of one simple and integral whole... The one is the domestic, the other the foreign branch of the same government.” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/401/thomas-jefferson-43_branches_states-and-the-federal-government-are-co_2619.jpg)
![“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery.” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/00c/thomas-jefferson-43_change_single-acts-of-tyranny-may-be-ascribed-t_5515.jpg)
![“Though you cannot see, when you take one step, what will be the next, yet follow truth, justice, and plain dealing, and never fear their leading you out of [any difficult situation] in the easiest manner possible...” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/ebe/thomas-jefferson-43_difficult_though-you-cannot-see-when-you-take-one_9828.jpg)
