Read the article to find out what Andrew Jackson said when faced with the same thing we face today.
Jefferson
also believed 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.” |
Daniel
Webster warned, “Of all the contrivances for cheating the laboring
classes of mankind, none has been more effectual than that which deludes
them with paper money.” |
Webster
also said, “We are in danger of being overwhelmed with irredeemable
paper, mere paper, representing not gold nor silver; no, Sir, representing
nothing but broken promises, bad faith, bankrupt corporations, cheated
creditors, and a ruined people.” |
Our
first and greatest President George Washington said, “Paper money
has had the effect in your State [Rhode Island] that it ever will have,
to ruin commerce–oppress the honest, and open the door to every species
of fraud and injustice.” |
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