A national debt, if it is not excessive, will be to us a national blessing.
About this quote
- What does it mean?
- Hamilton argues that moderate debt can strengthen a nation by fostering credit and unity.
- In plain terms
- Moderate national debt can be useful for a country.
- What can you take from it?
- Use debt carefully to build national strength.
Where it applies
Putting it to work
Questions to consider
- When does debt become harmful?
- How do you measure excess?
Another view
Excessive debt can still lead to crisis despite good intentions.
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