On deficit financing …

Today, this seems like a very un-American thought:

“I sincerely believe 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.”

– Thomas Jefferson

I could not agree more. Worse than swindling, it’s living off the backs of your children … which is disgraceful.

 


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