It is a well-known fact that in countries in which the national debt is properly funded, and an object of established confidence, it answers most of the purposes of money. Transfers of stock, or public debt, are there equivalent to payments in specie; or, in other words, stock, in the principal transactions of business, passes current as specie. The same thing would, in all probability, happen here, under the like circumstances.
Alexander HamiltonThe origin of all civil government, justly established, must be a voluntary compact, between the rulers and the ruled; and must be liable to such limitations, as are necessary for the security of the absolute rights of the latter; for what original title can any man or set of men have, to govern others, except their own consent?
Alexander HamiltonThat there may happen cases in which the national government may be necessitated to resort to force, cannot be denied.
Alexander HamiltonMen often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
Alexander HamiltonMoney is, with propriety, considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions.
Alexander HamiltonThe experience of treaties being broken with impunity provide an afflicting lesson to mankind how little dependence is to be placed on treaties which have no other sanction than the obligations of good faith; and which oppose general considerations of peace and justice to the impulse of any immediate interest and passion.
Alexander Hamilton