“CREDIT supposes specific and permanent funds for the punctual payment of interest, with a moral certainty of a final redemption of the principal.”
Quote by Alexander Hamilton
Work
The Federalist: A Commentary on the Constitution of the United States
Written by Alexander Hamilton, James Madison, and John Jay, this collection of essays provides a comprehensive analysis of the Constitution, discussing its structure, powers, and the rationale behind its creation. more
Author
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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Source: The Works of Alexander Hamilton: Miscellanies, 1774-1789: A full vindication; The farmer refuted; Quebec bill; Resolutions in Congress; Letters from Phocion; New-York Legislature, etc
Source: The Works of Alexander Hamilton: Correspondence. 1769-1789
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