I evaluate the quality of the argument without regard to the identity of the speaker. I find Jefferson’s views both prescient and accurate; I have no idea whether he was considered a “finance guru”. My primary point is that the Founders, as a group, were light years ahead of our current federal politicians in their understanding of money and banking. If nothing else, recent history had taught them well (”not worth a Continental . . .”).
My reference to the Louisiana Purchase was based on your baffling insistence upon bringing it up, as if some larger meaning might be divined from it.
LOL! You don't say.
My primary point is that the Founders, as a group, were light years ahead of our current federal politicians in their understanding of money and banking.
Yeah, those Articles of Confederation were a ringing success.
My reference to the Louisiana Purchase was based on your baffling insistence upon bringing it up, as if some larger meaning might be divined from it.
I brought up the LP as a specific example of Jefferson's use of banks to accomplish something great. Your reply:
The cause of a Free Republic is doomed if everyone thinks well, just because we had the Louisiana Purchase, the federal government can do anything it wants, and the Constitution poses no constraints.
And you're the one who's baffled? Clue me in on how you made the leap from bank financing to an unrestrained federal government that can do anything it wants.