Thomas Jefferson

"The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind."

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Source: Thomas Jefferson (1984). “Jefferson: Writings”, p.570, Library of America

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Thomas Jefferson

Thomas Jefferson

Politician, Founding Father

Thomas Jefferson was the third President of the United States and the principal author of the Declaration of Independence, advocating for liberty and democracy.

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