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"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:40
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∙ 14y ago
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∙ 9y agoJefferson held the view that each state should be responsible for its own debts. This was in contrast to Hamilton, who believed the national government should take on the debt.
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How did thomas jeffersons view of the national debt differ from Alexander hamiltons?
Jefferson wanted to pay off debts; Hamilton did not.
What was included in Hamilton's Fiscal program of 1790?
full funding/funding at par assumption state debts First Bank of the US protectionism excise tax policy
Hamiltons aggressive financial policies of paying off all federal bonds and taking on all state debts?
Funding and assumption.
What is the program?
Bank of the United States Excise Tax Funding at Par Assumption of States Debts Tariffs Memory trick...BEFAT
What is the hamiltonian program?
Bank of the United States Excise Tax Funding at Par Assumption of States Debts Tariffs Memory trick...BEFAT
What has the author Thomas F Cosimano written?
Thomas F. Cosimano has written: 'Optimal fiscal and monetary policy with nominal and indexed debt' -- subject(s): Debts, Public, Fiscal policy, Monetary policy, Public Debts
Who favored the federal government to assume and pay for the war debts owed by the Congress and states?
Thomas Jefferson
How did Thomas Jefferson view of national debt differ from that of Hamilton's?
Jefferson wanted to pay off debts; Hamilton did not.
Why Thomas Hutchinson was a loyalist?
Because he thought that the colonists should pay there debts with British
How did thomas view of the national debt differ from that of Alexander hamilton?
Jefferson wanted to pay off debts; Hamilton did not.
How do you know if the business that you want to buy incur debts?
ask the accountant for the statement of financial position and check if liabilities are higher than assets and sales. Compare profits to monthly expenses on debts
What has the author Thomas Orme written?
Thomas Orme has written: 'Observations upon the acts for annuities' -- subject(s): Annuities, Law and legislation, Public Debts, Public Finance
