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I believe that banking institutions are more dangerous to our liberties than standing armies.
Thomas Jefferson
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Interpretation

What this quote means

Jefferson warns that banks pose a greater threat to freedom than military forces.

In this quote, Thomas Jefferson expresses his concern over the influence and power of banking institutions, suggesting that they can undermine individual liberties more severely than the presence of a military. He emphasizes the potential for economic systems to manipulate and control societies, highlighting the need for vigilance in protecting democratic freedoms against the power of financial entities.

Themes

BankingLibertiesFreedomDangerPower

In practice

Example use cases

In a speech about financial reform, one might use this quote to emphasize the importance of regulating banking practices.

More from Thomas Jefferson

The firmness with which the (American) people have withstood the... abuses of the press, the discernment they have manifested between truth and falsehood, show that they may safely be trusted to hear everything true and false and to form a correct judgment between them.
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I, place economy among the first & most important republican virtues, & public debt as the greatest of the dangers to be feared
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β€ŽWe must make our choice between economy and liberty or confusion and servitude...If we run into such debts, we must be taxed in our meat and drink, in our necessities and comforts, in our labor and in our amusements...if we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
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Very many and very meritorious were the worthy patriots who assisted in bringing back our government to its republican tack. To preserve it in that, will require unremitting vigilance.
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A nation, as a society, forms a moral person, and every member of it is personally responsible for his society.
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Timid men prefer the calm of despotism to the tempestuous sea of liberty.
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