Tag Archive | alexander hamilton

Allow a government to decline paying its debts and you overthrow all public morality —

Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions.Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.

-Alexander Hamilton

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