The incorporation of a bank and the powers assumed [by legislation doing so] have not, in my opinion, been delegated to the United States by the Constitution. They are not among the powers specially enumerated.
About this quote
- What does it mean?
- Jefferson argues the Constitution did not delegate power to incorporate banks to the federal government.
- In plain terms
- The Constitution does not explicitly give power to create banks.
- What can you take from it?
- Constitutional powers should be strictly interpreted.
Where it applies
Putting it to work
Questions to consider
- Should the Constitution be interpreted strictly or broadly?
- Who decides federal powers?
Another view
Broad interpretation allows flexibility for national needs.
More from Thomas Jefferson
Nearly all of it is now called in by the banks, who have the regulation of the safety-valves of our fortunes, and who condense and explode them at their will.
Permalink to quote #172 The idea of creating a national bank I do not concur in, because it seems now decided that Congress has not that power (although I sincerely wish they had it e…
Permalink to quote #174 The system of banking we have both equally and ever reprobated . I contemplate it as a blot left in all our constitutions, which, if not covered, will end in t…
Permalink to quote #171
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