John Adams, (1735-1826) Founding Father, 2nd US President
John Adams Quote
“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
(1735-1826) Founding Father, 2nd US PresidentJohn Adams to Benjamin Rush: Dec. 27, 1810
Aristocracy
, Banking
, Delusion
, Fiat
, Money
Ratings and Comments