a reasonably close paraphrase of the closing sentence in Jefferson's to John Taylor:
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( future generations) on a large scale.
Is that not what is going on now?http://www.snopes.com/quotes/jefferson/banks.asp
Our banking establishments obviously crushed Hitler and Tojo. Jefferson wasn't the best authority on economics.
the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity( future generations) on a large scale.
No argument there.