The Fed, Spending, Debt and More: Warnings from Thomas Jefferson

By: |Published on: Mar 30, 2020|Categories: Audio/Video, Federal Reserve, Path to Liberty, Thomas Jefferson|

When it came to sound economic policy, Thomas Jefferson was outspoken for decades. From opposing a central bank, to keeping debt down and rejecting paper money “as the ghost of money,” we all have plenty to learn from the Sage of Monticello.

Path to Liberty: March 30, 2020

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On Paper money
Paper is poverty – to Edward Carrington 27 May 1788

Paper will be abused in every country – to John Wayles Eppes 6 Nov 1813

Ruined by Deluge of bank paper – to Thomas Cooper 16 Jan 1814

Spending and debt
Frugal and simple – to Elbridge Gerry 26 Jan 1799

Wasting the labors of the people – to Thomas Cooper 29 Nov 1802

Discontinue our internal taxes – 2nd Inaugural 4 March 1805

Swindling futurity – to John Taylor 28 May 1816

Perpetual Debt – to Samuel Kercheval 12 July 1816

On the Central Bank
Opinion on the Constitutionality of a National Bank 1791

I do not concur in – to Thomas Law 6 Nov 1813

More dangerous than standing armies – to John Taylor 28 May 1816

Ignorant and free – to Charles Yancy 6 Jan 1816

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Tags: Central Bank, Federal Reserve, National Debt, Paper Money, Quotes, Sound Money, Spending, thomas jefferson

Michael Boldin
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