“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

Thomas Jefferson - “The principle of spending money to...” 1

Similar quotes

“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
Read more

“He was filled with embarrassment: embarrassment for the human race, its preoccupation with money, it love of swindle.”

Jeffrey Eugenides
Read more

“If you look at how the federal government spends our money, it’s an insurance conglomerate protected by a large, standing army.”

Ezra Klein
Read more

“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these “mortgage-backed securities.”

Douglas Rushkoff
Read more

“Longing on a large scale makes history.”

Don DeLillo
Read more