In time of peace there can, at all events, be no…
“In time of peace there can, at all events, be no justification for the creation of a permanent debt by the Federal Government. Its limited range of constitutional duties may certainly under such circumstances be performed without such a resort.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Government should not incur permanent debt during peace because its duties can be fulfilled without borrowing.
In simple terms: No permanent debt in peace.
Key Takeaway
Avoid unnecessary borrowing.
Themes
fiscal responsibility
government
peace
debt
constitution
Mood
cautious
serious
Type
political
policy
When to use this quote
- budget planning
- policy debates
- legislative decisions
- taxation discussions
Key Concepts
public finance
constitutional limits
budgetary restraint
Questions to Reflect On
- Is all borrowing always harmful?
- How do we balance short‑term needs with long‑term debt?
A Different Perspective
Debt may be necessary for emergencies or investments.