"No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance."

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It is a [disputed] question, whether the circulation of paper, rather than of specie [gold and silver coin], is a good or an evil I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin.

— Thomas Jefferson