Thomas Jefferson wrote a letter to John Taylor in 1816. Here is a small portion of that letter. "And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
Anyone have any comments on this quote in light of recent events in the U.S. economy?
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Keep it kind, informative and honest.