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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