Financial Inequality Quotes
This frequent Jefferson quotation almost certainly was never written or uttered by him but was probably created by later opponents of private banks. It has never been verified from any studies of Jefferson’s prolific writings. Further the word ‘inflation” came into use in the 1860s and ‘deflation’ seems to have first been used in the 1920s. However, some ascribe it to a letter Jefferson wrote to Treasury Secretary, Albert Gallatin in 1802.
Stamp was a banker and the 2nd richest man in England at the time. Yet he warned about aspects of banking that needed reform and regulation.
Samuel Langhorne Clemens, 1835-1910. He was instrumental in being one of the major writers who made the American public aware of the fact that the very wealthy sometimes systematically committed crimes involving money and in much larger crimes than the poor criminals.
William Gibbs McAdoo was a contender for the presidential nomination. As an attorney he was urged not to represent any rich or large corporate clients lest his image be tarnished. He asked if he had to remain poor all his life:
Roosevelt was on a crusade to eliminate the vicious monopolies and trusts of the time. The number of terms he used to describe them was large but this has become the most memorable and most frequently quoted. See {585244} for some of the other terms he used. While this phrase was original with FDR, his relative, Theodore Roosevelt, used the term “malefactors” in a similar meaning in {585244}.
