Dad2three
Gold Member
- Jun 22, 2014
- 13,013
- 1,614
How's come those guys Jefferson and Madison didn't love them some corporations like you do rkm?
The Founding Fathers on regulating corporations.
1. “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
— Thomas Jefferson, 1802 letter to Secretary of State Albert Gallatin.
2. “I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”
— Thomas Jefferson.
3. “The power of all corporations ought to be limited, […] the growing wealth acquired by them never fails to be a source of abuses.”
— James Madison
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation,
That is one of my favorite fake quotes.
Have you seen the one where Jefferson says GMOs are bad? LOL!
"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."
"Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs."
Thomas Jefferson
Private Banks Quotation Thomas Jefferson s Monticello