I am not an accomplished meme generator. However, the quote itself is correct. The attribution is not. Therefor, you could swap the pic of Jefferson with that of Patman.
Bonus points for saying he was a democrat. Thereby highlighting how far the dem party has been adrift.
In the nineteen thirties .... Check out Monticello website. There you'll find a discussion on the matter. The attribution is a matter of killing the same dead horse over and over again.
That's provided that money saved isn't reinvested back into priorities like fixing our roads, bridges, and rail system, or reinvesting in the right sort of training and hiring of competent ATCs, or reinvesting in other means that will greatly benefit the American Taxpayer and their families.
Milton Freeman won a Nobel prize for noticing the money. Supply dropped by 1/3 during the great depression before anybody else 15 years later.
He was not anall the way in the JMK but he’s still a more money guy because of that
That’s the reason Reagan was a Roosevelt Democrat until he discovered the Austrian school.
They say he carried a very well worn copy of the road to surfdom with him all the time
It will be first by inflation, then by deflation, kinda like bending the paper back-and-forth till it breaks unless the good guys who actually know their ass from a hole on the ground are really in control
If the government actually makes something worthwhile like the Eisenhower interstate system. It will be OK.
If they fund more purple hair faggots to stand in the middle of our existing streets, probably not
We can tolerate a bunch of deflation at the moment that deflation will drive down bothe prices and interest rates, while production of oil will help drive down cost as well. Then all thatbsavings gets reinvested in American businesses. We currently have approximately 3.4 times more money in the system than needed.
I have all three quotes on the bottom of my email... I to thought Jefferson wrote it. I grok 3 it, answer below
“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.”- George Washington, 1732-1799
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” . . . “Paper is poverty. It is the ghost of money and not money itself.”– Thomas Jefferson, 1743-1826Â
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison, 1751-1836
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
A friend once said to me that in the future, everybody will be their own bank that kind of blew my mind at the time. I never heard something like that before, but I still think about that a lot.
Grok 3
The first part of the quote—about private banks controlling currency—doesn’t appear verbatim in Jefferson’s surviving letters or documents but is often attributed to him through paraphrasing or later interpretation of his ideas, particularly from his correspondence around the early 1800s. For instance, in a letter to John Taylor in 1816, Jefferson warned about the dangers of banking institutions, saying, “I sincerely believe… that banking establishments are more dangerous than standing armies.” The sentiment aligns with his broader philosophy, even if the exact wording may have been stylized over time.
The second part—“Paper is poverty. It is the ghost of money and not money itself”—is closer to a direct quote. In a 1788 letter to George Washington, Jefferson wrote about his preference for hard currency (like gold or silver) over paper, stating, “Paper is poverty… it is only the ghost of money, and not money itself.” He saw paper money as unreliable, especially when not backed by tangible value, a view shaped by the economic instability of the Revolutionary era, including the collapse of the Continental dollar.
Jefferson’s stance was rooted in his time: the late 18th and early 19th centuries saw rampant speculation, bank failures, and inflation crises, like those following the Revolutionary War. He feared that banks, if unchecked, could manipulate money to the detriment of ordinary citizens—hence the dramatic imagery of children waking up “homeless on the continent their fathers conquered.”
Let me help clarify this matter. Based on the available information, it's important to note that the commonly attributed quote about private banks and currency control is actually a spurious quotation that is incorrectly attributed to Thomas Jefferson.
The quote that is often misattributed to Jefferson typically reads something like:
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property."
This quote began appearing in publications around the 1930s, specifically showing up in a 1933 Dallas Morning News article, long after Jefferson's death.
There's more, but these days I feel like I always have to double check quotes.
Disinflation (price increases, but slower) and not deflation is what we want right? That’s what Elon was saying a few weeks ago. Make the savings, slower the price increase - something like that.
Wrong quote and attribution.
This is the literal quote of Representative Pattman of Texas.
Jefferson indeed was opposed to central banks.
could you… make a new meme and post it?
https://files.catbox.moe/y6it2f.png
u/#catdance
I am not an accomplished meme generator. However, the quote itself is correct. The attribution is not. Therefor, you could swap the pic of Jefferson with that of Patman.
Bonus points for saying he was a democrat. Thereby highlighting how far the dem party has been adrift.
When did Patman enter the scene? I thought it was always Jefferson
In the nineteen thirties .... Check out Monticello website. There you'll find a discussion on the matter. The attribution is a matter of killing the same dead horse over and over again.
Maybe cern did a Mandela effect
its non stop.
what is “inflation”?
inflation is to inflate the money supply, like a balllon
deflation is to deflate the money supply, like a balloon
so, for many many years, we have been “inflating” the money supply,
and a big part of the money supply is “government spending”
government builds a bridge, workers get paid money,
inflation of the money supply.
USAID gives a few million to some bullshit, everyone gets a slice of grift,
inflation of the money supply
So every dollar “saved” by DOGE, is one less dollar in the money supply,
For every government worker not collecting a paycheck, is one less paycheck in the money supply
I don’t like that our money supply became so dependent on massive grift,
But make no mistake, when the money supply deflates, everybody feels the pain
And thats where we are in this meme.
First by inflation,
Then by deflation
That's provided that money saved isn't reinvested back into priorities like fixing our roads, bridges, and rail system, or reinvesting in the right sort of training and hiring of competent ATCs, or reinvesting in other means that will greatly benefit the American Taxpayer and their families.
Milton Freeman won a Nobel prize for noticing the money. Supply dropped by 1/3 during the great depression before anybody else 15 years later.
He was not anall the way in the JMK but he’s still a more money guy because of that
That’s the reason Reagan was a Roosevelt Democrat until he discovered the Austrian school.
They say he carried a very well worn copy of the road to surfdom with him all the time
It will be first by inflation, then by deflation, kinda like bending the paper back-and-forth till it breaks unless the good guys who actually know their ass from a hole on the ground are really in control
If the government actually makes something worthwhile like the Eisenhower interstate system. It will be OK.
If they fund more purple hair faggots to stand in the middle of our existing streets, probably not
We can tolerate a bunch of deflation at the moment that deflation will drive down bothe prices and interest rates, while production of oil will help drive down cost as well. Then all thatbsavings gets reinvested in American businesses. We currently have approximately 3.4 times more money in the system than needed.
Money for nothing is the real cause of inflation. Government is the biggest source and the central bank is the second biggest.
Yeah... and your chicks for free
Pfft ...they messed that part up big-time
It’ll put us in dire straits…
Toto... I don't think we're in Kansas anymore...
How long to the point of no return?
Carry on, my wayward son. All we are is dust in the wind.
Maybe they could issue a couple to go along with the DOGE dividend checks/sarc
i understand the lyric. its right
I have all three quotes on the bottom of my email... I to thought Jefferson wrote it. I grok 3 it, answer below
“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.”- George Washington, 1732-1799
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” . . . “Paper is poverty. It is the ghost of money and not money itself.”– Thomas Jefferson, 1743-1826Â
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison, 1751-1836
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
A.I. can handle all our currency needs without the need for any Bankers. They are obsolete. In theory.
A friend once said to me that in the future, everybody will be their own bank that kind of blew my mind at the time. I never heard something like that before, but I still think about that a lot.
A kilo of silver is a preddy tangible banking system. You lift it up, and then you put it down. Still your silver.
Confucius say, "Man who drop bank on foot..."
It's predatory? What?
I am my own bank,now.
I have gobs of real silver money,in my own safe.
Gobs is an interesting amount.
More than a lot and less than a shit load.
Kek
Grok 3 The first part of the quote—about private banks controlling currency—doesn’t appear verbatim in Jefferson’s surviving letters or documents but is often attributed to him through paraphrasing or later interpretation of his ideas, particularly from his correspondence around the early 1800s. For instance, in a letter to John Taylor in 1816, Jefferson warned about the dangers of banking institutions, saying, “I sincerely believe… that banking establishments are more dangerous than standing armies.” The sentiment aligns with his broader philosophy, even if the exact wording may have been stylized over time. The second part—“Paper is poverty. It is the ghost of money and not money itself”—is closer to a direct quote. In a 1788 letter to George Washington, Jefferson wrote about his preference for hard currency (like gold or silver) over paper, stating, “Paper is poverty… it is only the ghost of money, and not money itself.” He saw paper money as unreliable, especially when not backed by tangible value, a view shaped by the economic instability of the Revolutionary era, including the collapse of the Continental dollar. Jefferson’s stance was rooted in his time: the late 18th and early 19th centuries saw rampant speculation, bank failures, and inflation crises, like those following the Revolutionary War. He feared that banks, if unchecked, could manipulate money to the detriment of ordinary citizens—hence the dramatic imagery of children waking up “homeless on the continent their fathers conquered.”
I got similar from Claude 3.5 Sonnet:
Let me help clarify this matter. Based on the available information, it's important to note that the commonly attributed quote about private banks and currency control is actually a spurious quotation that is incorrectly attributed to Thomas Jefferson.
The quote that is often misattributed to Jefferson typically reads something like: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property."
This quote began appearing in publications around the 1930s, specifically showing up in a 1933 Dallas Morning News article, long after Jefferson's death.
There's more, but these days I feel like I always have to double check quotes.
Disinflation (price increases, but slower) and not deflation is what we want right? That’s what Elon was saying a few weeks ago. Make the savings, slower the price increase - something like that.
Why should prices go up forever?
Before 1913, we had ZERO INFLATION.