Alexander Hamilton: National Debt

Posted by admin on Friday, June 23, 2023

Meaning of Alexander Hamilton Money Quote: saying A national debt is a positive thing if not too large and will encourage businesses. Alexander Hamilton said:

 

 

“A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. It will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry” — Alexander Hamilton

 

 

This quote from Alexander Hamilton suggests that a moderate level of national debt can have benefits for a country. Some key points in interpreting his perspective:

• Hamilton implies a modest debt supports unity and common purpose among states by creating shared financial interests across regions.
• He portrays a modest debt as a stimulus for industry by maintaining a degree of taxation that encourages productivity without being overly burdensome.
• Hamilton acknowledges the need for “keeping up taxation” to service debt obligations but argues this can promote economic activity rather than hinder it if set reasonably.
• However, reasonable experts debate the long-term impacts of debt on economic growth, and too high a debt burden poses real risks if mismanaged over several generations.

Overall, while Hamilton saw national debt as potentially advantageous if not excessive, the best interpretation considers this as one perspective in ongoing discussions around balancing fiscal responsibility with strategic investment over decades as economic conditions change. The quote reflects Hamilton’s viewpoint, but the complex realities of public finance involve weighing multiple factors in evidence-based debates.

Birthday: January 11, 1755 – Death: July 12, 1804

Alexander Hamilton: Bribe Impeach

Posted by admin on Sunday, July 14, 2019

Alexander Hamilton Money Quote saying among the reasons for impeachment of a U.S. President is the crime of bribery, offering something of value for favor or fealty. IN the Federalist Papers #69 Alexander Hamilton said:
 

 

“The President of the United States would be liable to be impeached, tried, and, upon conviction of treason, bribery, or other high crimes or misdemeanors, removed from office; and would afterwards be liable to prosecution and punishment in the ordinary course of law” — Alexander Hamilton

 

 

In this quote, Alexander Hamilton is outlining the system of checks and balances placed on the President of the United States. He explains that the President can be impeached and tried by Congress for “treason, bribery, or other high crimes or misdemeanors” and if convicted would be removed from office.

Additionally, Hamilton notes that after leaving office, the President would still be liable for criminal prosecution under ordinary laws for any such illegal acts committed while in power. This suggests Hamilton saw the President as not being above the law or immune from legal consequences even after leaving the highest office.

The quote conveys Hamilton’s view that the Constitution should establish clear routes to hold Presidents accountable both during and after their term for any severe legal or ethical breaches of conduct.

Birthday: January 11, 1755 – Death: July 12, 1804