Tuesday, March 4, 2008

Thomas Jefferson on the Housing Crisis

“If the American people ever alllow the banks to control the issuance of their currency (instead of Congress), first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of ALL PROPERTY until their children will wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the banks and restored to Congress and the people to whom it belongs.”
-- Thomas Jefferson
letter to then Secretary of the Treasury, Albert Gallatin, 1802

Not much to add to that. 200 years ago the solutions were out there. Look for people who understand how the economy works for congress, senate and potus.

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