“The government of the United States have no idea of paying their debt in a depreciated medium, and… in the final liquidation of the payments which shall have been made, due regard will be had to an equitable allowance for the circumstance of depreciation.”

— Thomas Jefferson

Letter to Jean Baptiste de Ternant, 1791. ME 8:247
Posthumous publications, On financial matters

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Thomas Jefferson 456

3rd President of the United States of America 1743–1826

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“The art and mystery of banks… is established on the principle that 'private debts are a public blessing.' That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

ME 13:420
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“I am the only major best-selling novelist in the United States who is not tainted by "liberalism" and Communism, and who has never belonged to a Communist front. As a result, the press, which is mainly "liberal", has been furiously attacking me for years in their alleged "reviews."… In our bitterness, we are beginning to wonder what protection an antiCommunist has in the United States now, had we been Communists we'd have had the enthusiastic support of the press and would now be very wealthy, for, as liberal writers told me in New York, with contempt, that had we been "liberals" we'd not have had to pay any taxes, or only token payments.”

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"Conditions of Recovery," ch. 8 of The Great Depression https://mises.org/library/great-depression-0 (Freeport, N. Y.: Books for Libraries Press, 1971; orig. 1934), pp. 193–194.
Context: It has been the object…to show that if recovery is to be maintained and future progress assured, there must be a more or less complete reversal of contemporary tendencies of governmental regulation of enterprise. The aim of governmental policy in regard to industry must be to create a field in which the forces of enterprise and the disposal of resources are once more allowed to be governed by the market.But what is this but the restoration of capitalism? And is not the restoration of capitalism the restoration of the causes of depression?If the analysis of this essay is correct, the answer is unequivocal. The conditions of recovery which have been stated do indeed involve the restoration of what has been called capitalism. But the slump was not due to these conditions. On the contrary, it was due to their negation. It was due to monetary mismanagement and State intervention operating in a milieu in which the essential strength of capitalism had already been sapped by war and by policy. Ever since the outbreak of war in 1914, the whole tendency of policy has been away from that system, which in spite of the persistence of feudal obstacles and the unprecedented multiplication of the people, produced that enormous increase of wealth per head…. Whether that increase will be resumed, or whether, after perhaps some recovery, we shall be plunged anew into depression and the chaos of planning and restrictionism—that is the issue which depends on our willingness to reverse this tendency.