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Quotation from Hamilton's Reports and Opinion on the Bank by Alexander Hamilton
“This reflection derives additional strength from the nature of the debt of the United States. It was the price of liberty.”
Hamilton's Reports and Opinion on the Bank, First Report on the Public Credit (1790) (Lodge, Works of Alexander Hamilton (Federal Edition, 1904), vol. 2)
Hamilton grounds the duty of paying the debt in its origin: it was contracted to win independence.
Citation: "This reflection derives additional strength from the nature of the debt of the United States. It was the price of liberty." — Alexander Hamilton, Hamilton's Reports and Opinion on the Bank, First Report on the Public Credit (1790) (Lodge, Works of Alexander Hamilton (Federal Edition, 1904), vol. 2). (id hamiltons-reports-and-opinion-on-the-bank-q1)
Portrait: Google Arts Project - Alexander Hamilton (1792 portrait) by John Trumbull, John Trumbull, Public domain.
