Thomas Jefferson: Paper is Poverty?
To John Wayles Eppes [son-in-law, at the time Chairman of the Committee of Ways and Means of the House of Representatives, 13th Congress] Monticello, June 24, 1813 If treasury bills are emitted on a tax appropriated for their redemption in fifteen years, and (to insure preference in the first moments of competition) bearing an interest of six…
Thomas Jefferson On “Paper Money,” Reset
Until you really understand the history, words and the context of Thomas Jefferson’s letter to J.W. Eppes in 1813, we are doomed to repeat the same mistakes people have made, by ignoring those words, for the past 200 years. “Paper money is liable to be abused, has been, is, and forever will be abused, in…