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Quote by Alexander Hamilton

“Establish that a Government may decline a provision for its debts, though able to make it, and you overthrow all public morality, you unhinge all the principles that must preserve the limits of free constitutions.”

Quote by Alexander Hamilton

Book:Papers
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Papers

This book, titled 'Papers,' likely compiles a series of written documents or scholarly articles, each addressing distinct subjects or themes. The content may range from research findings and theoretical discussions to practical analyses, presented in a formal, evidence-based style typical of academic or professional papers. Without additional context, the specific topics, authors, or purposes remain unspecified, but the title suggests a focus on structured, written communication intended for an informed audience. more

Author

Alexander Hamilton
Alexander Hamilton

Alexander Hamilton was a Founding Father of the United States, born on January 11, 1757, and died on July 12, 1804. He played a crucial role in the American Revolutionary War and was instrumental in the drafting of the U.S. Constitution. As the first Secretary of the Treasury, Hamilton promoted fiscal stability and economic growth, establishing the First Bank of the United States and proposing solutions for federal debt. His ideas and policies had a profound impact on the early political and economic development of the United States. more

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Book:Reports of the Secretary of the Treasury of the United States, Prepared in Obedience to the Act of the 10th May, 1800: ... to which are Prefixed, the Reports of Alexander Hamilton, on Public Credit, on a National Bank, on Manufactures, and on the Establishment of a Mint ... Printed by Order of the Senate of the United States
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“But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.”

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Book:The Political Economy of the American Revolution
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“There are respectable individuals, who from a just aversion to an accumulation of Public debt, are unwilling to concede to it any kind of utility, who can discern no good to alleviate the ill with which they suppose it pregnant; who cannot be persuaded that it ought in any sense to be viewed as an increase of capital lest it should be inferred, that the more debt the more capital, the greater the burthens the greater the blessings of the community.”

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Book:Report of the Secretary of the Treasury of the United States, on the Subject of Manufactures: Presented to the House of Representatives, December 5, 1791
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