Accomplished Quote by James A. Garfield
“The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country.”
About This Quote
Source Speech: Presidential Address, James A. Garfield, 1882
Fiscal policy should lower debt interest without forcing bank note withdrawals, preserving economic stability.
In simple terms: Reduce debt costs while keeping banks stable.
Key Takeaway
Implement low‑interest debt relief.
Themes
economics
policy
stability
Mood
analytical
pragmatic
Type
policy
economic
When to use this quote
- government finance
- public budgeting
- economic reform
Key Concepts
interest rates
national debt
banking system
Questions to Reflect On
- What are the trade‑offs of low‑interest debt relief?
- How to protect banks while easing debt?
A Different Perspective
Lower rates may reduce revenue for public services.
![“[U]nless oppressed groups stick together, and on alliances of self interest rather than do-goodism; nothing can be accomplished in the long run to dismantle the apparatus of oppression.” quote by Shulamith Firestone](https://sms4smile.com/quotes/img-quotes/d7b/shulamith-firestone-12980_accomplished_u-nless-oppressed-groups-stick-together_5485.jpg)
