For, when the credit of a country is in any degree questionable, it never fails to give on extravagant premium, in one shape or another, upon all the loans it has occasion to make. Nor does the evil end here; the same disadvantage must be sustained upon whatever is to be bought on terms of future payment. From this constant necessity of borrowing and buying dear, it is easy to conceive how immensely the expenses of a nation, in a course of time, will be augmented by an unsound state of the public credit.
Alexander HamiltonWhat is the most sacred duty and the greatest source of our security in a Republic? An inviolable respect for the Constitution and Laws.
Alexander HamiltonThey are not rules prescribed by the sovereign to the subject, but agreements between sovereign and sovereign.
Alexander HamiltonThe laws of Congress are restricted to a certain sphere, and when they depart from this sphere, they are no longer supreme or binding.
Alexander Hamilton