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In light of the present financial crisis, it's interesting to read what Jefferson said in 1802:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.
I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.
Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty.
Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.
A Bill of Rights is what the people are entitled to against every government, and what no just government should refuse, or rest on inference.
I believe that every human mind feels pleasure in doing good to another.
All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression.
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