John Adams Quotes:
Ocupation: 2nd U.S. President
Life: October 30, 1735 - July 4, 1826
Birthday: October 30
Death: July 4
Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.
source: John Adams, Benjamin Rush (1892). “Old Family Letters: Copied from the Originals for Alexander Biddle... Series A-[B]”
topic: Issues, Principles, Aristocracy
