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.
Thomas JeffersonI have never been able to conceive how any rational being could propose happiness to himself from the exercise of power over others... An honest man can feel no pleasure in the exercise of power over his fellow citizens.... Power is not alluring to pure minds and is not with them the primary principle of contest.
Thomas JeffersonWhenever a man has cast a longing eye on offices, a rottenness begins in his conduct.
Thomas JeffersonBy nature's law, every man has a right to seize and retake by force his own property taken from him by another, by force of fraud. Nor is this natural right among the first which is taken into the hands of regular government after it is instituted. It was long retained by our ancestors. It was a part of their common law, laid down in their books, recognized by all the authorities, and regulated as to circumstances of practice.
Thomas Jefferson