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74 sats \ 0 replies \ @0xbitcoiner 11 Sep \ on: Thomas Jefferson and the Financial Panic of 1819 econ
It's a coincidence that I watched a video about Jefferson's thoughts on banking last week. There might be a connection to Bitcoin if we dig a little deeper. Jefferson was a staunch critic of centralized banking institutions. He believed that banks, particularly the Second Bank of the United States, had too much power and could lead to economic instability. He favored a more decentralized banking system, with state-chartered banks playing a more prominent role.