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Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.
Alexander Hamilton (more quotes by Alexander Hamilton or books by/about Alexander Hamilton)
(1757-1804) American statesman, Secretary of the Treasury
Consitution, Debt, Morality