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Innovation Insights
by Stephen Shapiro

Jefferson Loved Books Not Banks

Here is something courtesy of Barry Kibrick, host of the PBS TV show, “Between the Lines.”  I was on his show a few years ago with my Goal-Free Living book.  Barry is one of the best interviewers on television.

200 years ago today (March 3), Thomas Jefferson spent his last day in office as President. On that day he issued a special report to the Treasury focused on the Bank of the United States. It was a dismal report, for the nation at that time was in desperate financial straits due to an embargo that was hurting all aspects of the economy.

As most of us know, President Jefferson was no fan of the banks, big business, or of big government intervention, but he was a fan of books and the “capital” they provide. So, on that note I leave you with these words by our 3rd President.

“Books constitute capital. A library book lasts as long as a house, for hundreds of years. It is not, then, an article of mere consumption but fairly of capital, and often in the case of professional men, setting out in life, it is their only capital.” Thomas Jefferson – President of the United States, 1801-1809

Thanks Barry.