Fake Jefferson on Banks
“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 [these banks] will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”
This quote has recently been going viral in the crypto community and has been popular at places like Forbes over the years. But it’s not a real Jefferson quote.
The source of the quote is often cited to a 1802 letter from Jefferson to Secretary of the Treasury Albert Gallatin, but Jefferson never wrote such a letter, according to the Thomas Jefferson Encyclopedia. Part of the quote seems to date back to a newspaper article in 1933, and it wasn’t credited to Jefferson.
