First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/09/09/the-dangers-of-money-printing-thomas-jefferson-and-the-financial-panic-of-1819-003441
<p><img src='https://www.moneymetals.com/uploads/content/The-Dangers-of-Money-Printing--Thomas-Jefferson-and-the-Financial-Panic-of-1819.jpg'/></p>As the saying goes, history doesn&#039;t necessarily repeat. But it often rhymes. With that in mind, Thomas Jefferson&#039;s warnings and the first American boom-bust crisis in the early 19th century is informative.