As mentioned in the previous post, a quote attributed to Thomas Jefferson is being bandied about now that the bank bailout is in the news. The quote is:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.†– Thomas Jefferson to Albert Gallatin, 1802
I thought the quote was fishy-sounding, so I did some Googling tonight to find where it came from. The first step was to search on a unique snippet of the quote. Out of 220 Google results on “continent their fathers conquered” I found a slew of results from this year (and especially last month), but many without listed dates. How far back could I trace it?
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