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.
Alexander HamiltonIt is astonishing that so simple a truth should ever have had an adversary; and it is one among a multitude of proofs, how apt a spirit of ill-informed jealousy, or of too great abstraction and refinement is to lead men astray from the plainest paths of reason and conviction.
Alexander HamiltonThe vigour of government is essential to the security of liberty. . . . a dangerous ambition more often lurks behind the specious mask of zeal for the rights of the people, than under the forbidding appearance of zeal for the firmness and efficiency of government.
Alexander HamiltonIt is presumable that no country will be able to borrow of foreigners upon better terms than the United States, because none can, perhaps, afford so good security.
Alexander Hamilton[I]n framing a Government for a nation we ought, in those provisions which are designed to be permanent, to calculate not on temporary, but on permanent causes of expence.
Alexander Hamilton