11 September 1813, ME 13:361
1810s, Letters to John Wayles Eppes (1813)
Context: The question will be asked and ought to be looked at, what is to be the resource if loans cannot be obtained? There is but one, "Carthago delenda est." Bank paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs. It is the only fund on which they can rely for loans; it is the only resource which can never fail them, and it is an abundant one for every necessary purpose. Treasury bills, bottomed on taxes, bearing or not bearing interest, as may be found necessary, thrown into circulation will take the place of so much gold and silver, which last, when crowded, will find an efflux into other countries, and thus keep the quantum of medium at its salutary level. Let banks continue if they please, but let them discount for cash alone or for treasury notes.
“Certainly no nation ever before abandoned to the avarice and jugglings of private individuals to regulate according to their own interests, the quantum of circulating medium for the nation — to inflate, by deluges of paper, the nominal prices of property, and then to buy up that property at 1s. in the pound, having first withdrawn the floating medium which might endanger a competition in purchase. Yet this is what has been done, and will be done, unless stayed by the protecting hand of the legislature. The evil has been produced by the error of their sanction of this ruinous machinery of banks; and justice, wisdom, duty, all require that they should interpose and arrest it before the schemes of plunder and spoliation desolate the country.”
Letter to William C. Rives (1819) ME 15:232
Posthumous publications, On financial matters
Help us to complete the source, original and additional information
Thomas Jefferson 456
3rd President of the United States of America 1743–1826Related quotes
Letter to John Adams (7 November 1819) http://oll.libertyfund.org/Home3/HTML.php?recordID=0054.12#hd_lf054-12_head_057 ME 15:224 : The Writings of Thomas Jefferson "Memorial Edition" (20 Vols., 1903-04) edited by Andrew A. Lipscomb and Albert Ellery Bergh, Vol. 15, p. 224
1810s
Speech made at the Reichstag (21 May 1935) Found in Translation of Herr Hitler's Speech to the German Reichstag on May 21, 1935 https://books.google.com/books?id=r_-htwAACAAJ&dq=hitler+may+21+1935+speech&hl=en&sa=X&ved=0ahUKEwir0MTAmInWAhXPaCYKHaFIB2UQ6AEIJjAA Foreign Office Press. German version https://archive.org/stream/RedeDesFhrersUndReichskanzlersAdolfHitlerVorDemReichstagAm21.Mai/MicrosoftWord-Ah19350521#page/n11/mode/2up
1930s
Context: The Germany of today is a National Socialist State. The ideology that dominates us is in diametrical contradiction to that of Soviet Russia. National Socialism is a doctrine that has reference exclusively to the German people. Bolshevism lays stress on international mission. We National Socialists believe a man can, in the long run, be happy only among his own people. We are convinced the happiness and achievements of Europe are indissolubly tied up with the continuation of the system of independent and free national States. Bolshevism preaches the establishment of a world empire and recognizes only section of a central international. We National Socialists grant each people the right to its own inner life according to its needs and its own nature. Bolshevism, on the other hand, establishes doctrinal theories that are to be accepted by all peoples, regardless of their particular essence, their special nature, traditions, etc. National Socialism speaks up for the solution of social problems, issues and tensions in their own nation, with methods that are consistent with our common human, spiritual, cultural and economic beliefs, traditions and conditions. Bolshevism preaches the international class struggle, the international world revolution with the weapons of the terror and the violence. National Socialism fights for the reconciliation and consequent adjustment of the differences in life and the union of all for common benefits. Bolshevism teaches the overcoming of an alleged class rule by the dictatorship of the power of a different class. National Socialism does not attach importance to a only theoretical rule of the working class, but especially on the practical improvement of their living conditions and standard of living. Bolshevism fights for a theory and, for it, sacrifices millions of people, immense values of traditional culture and traditions, and achieves, compared with us, only a very low standard of living for all. As National Socialists, our hearts are full with admiration and respect for the great achievements of the past, not only in our own people but also far beyond. We are happy to belong to an European cultural community that has so tremendously embossed today's world with a stamp of its mind. Bolshevism rejects this cultural achievement of mankind, claiming that has found the beginning of the real cultural and human history in the year of birth of Marxism. We, National Socialists, do not want to be of the same opinion as our church organizations in this or that organizational question. But we never want a lack of belief in religion or any faith, and do not wish that our churches become club-houses or cinemas. Bolshevism teaches the godlessness and acts accordingly. We National Socialists see in private property a higher level of human economic development that according to the differences in performance controls the management of what has been accomplished enabling and guaranteeing the advantage of a higher standard of living for everyone. Bolshevism destroys not only private property but also private initiative and the readiness to shoulder responsibility. It has not been able to save millions of human beings from starvation in Russia, the greatest Agrarian State in the world. It would be unthinkable to transfer such a catastrophe into Germany, because, at the of the day, in Russia there are 10 city dwellers for every 90 country dwellers, but in Germany for only 25 farmers there are 75 city dwellers. National Socialists and Bolshevists both are convinced they are a world apart from each other and their differences can never be bridged. Apart from that, there were thousands of our people slain and maimed in the fight against Bolshevism. If Russia likes Bolshevism it is not our affair, but if Bolshevism casts its nets over to Germany, then we will fight it tooth and nail.
2000s, The Real Abraham Lincoln: A Debate (2002), Q&A
Source: The Income Tax: Root of All Evil (1954), p. 34
Article for Daily Telegraph ("My Kind of Tory Party") (30 January 1975) http://www.margaretthatcher.org/speeches/displaydocument.asp?docid=102600
Shadow Secretary for Environment
Respectfully Quoted says this is "obviously spurious", noting that the OED's earliest citation for the word "deflation" is from 1920. The earliest known appearance of this quote is from 1935 (Testimony of Charles C. Mayer, Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-fourth Congress, First Session, on H.R. 5357, p. 799)
Misattributed