Thomas Jefferson Quote

It is literally true that the toleration of banks of paper discount costs the United States one-half their war taxes; or, in other words, doubles the expenses of every war. Now think but for a moment, what a change of condition that would be, which should save half our war expenses, require but half the taxes, and enthral us in debt but half the time.


ME 13:364. - Letters to John Wayles Eppes (1813)

Picture Quote 1

It is literally true that the toleration of banks of paper discount costs the United States one-half their war taxes; or, in other words, doubles the ...

Picture Quote 2

It is literally true that the toleration of banks of paper discount costs the United States one-half their war taxes; or, in other words, doubles the ...

Picture Quote 3

It is literally true that the toleration of banks of paper discount costs the United States one-half their war taxes; or, in other words, doubles the ...

Picture Quote 4

It is literally true that the toleration of banks of paper discount costs the United States one-half their war taxes; or, in other words, doubles the ...