Mar 26, 2023

John Adams on banking

Our whole system of banks is a violation of every honest principle of banks.  There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber.  But the delusion will have its course...  An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.

~ John Adams



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