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“It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it…”

Thomas Jefferson

It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, ‘never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith.’


Year: 1813
Context: Letter to John Wayles Eppes
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