A Quote by Thomas Jefferson
We are overdone with banking institutions, which have banished the precious metals, and substituted a more fluctuating and unsafe medium... These have withdrawn capital from useful improvements and employments to nourish idleness... These are evils more easily to be deplored than remedied.
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I doubt if there is any occupation which is more consistently and unfairly demeaned, degraded, denounced, and deplored than banking.
Avoid idleness, and fill up all the spaces of thy time with severe and useful employment; for lust easily creeps in at those emptinesses where the soul is unemployed and the body is at ease; for no easy, healthful, idle person was ever chaste if he could be tempted; but of all employments, bodily labor is the most useful, and of the greatest benefit for driving away the Devil.
We are so vain as to set the highest value upon those things to which nature has assigned the lowest place. What can be more coarse and rude in the mind than the precious metals, or more slavish and dirty than the people that dig and work them? And yet they defile our minds more than our bodies, and make the possessor fouler than the artificer of them. Rich men, in fine, are only the greater slaves.
The principle of my political life ... is that all amelioration and improvements in political institutions can be obtained by persevering in a perfectly peaceable and legal course, and cannot be obtained by forcible means, or if they could be got by forcible means, such means create more evils than they cure, and leave the country worse than they found it.
Love is an alchemist that can transmute poison into food--and a spaniel, that prefers even punishment from one hand to caresses from another. But it is in love as in war, we are often more indebted for our success to the weakness of the defence than to the energy of the attack; for mere idleness has ruined more women than passion; vanity more than idleness, and credulity more than either.
Happiness is understanding that friendship is more precious than mere things, more precious than getting your own way, more precious than being in situations where true principles are not at stake.
The great virtues of the German people have created more evils than idleness ever did vices
We now know that stars which are abundant in heavy metals are five times more likely to harbor orbiting planets than are stars deficient in metals.
There is no capital more useful than intellect and wisdom, and there is no indigence more injurious than ignorance and unawareness.
The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.
I believe that banking institutions are more dangerous to our liberties than standing armies.
As in many countries precious metals belong to the crown, so here more precious natural objects of rare beauty should belong to the public.
Time is more precious than gold, more precious than diamonds, more precious than oil or any valuable treasures. It is time that we do not have enough of; it is time that causes the war within our hearts, and so we must spend it wisely.
Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and capital work suggests the lines along which we could develop economic institutions capable of dealing with increasingly capital-intensive production, as our present institutions cannot.
Let's think about Mexican streets: they're unsafe because of violence, so people stay at home. Does that make streets more or less safe? Less safe! So streets become more desolate and unsafe, so we stay home more - which makes streets even more desolate and unsafe, and we stay home even more.
The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.
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