Funding and assumption
assumption
Thomas Jefferson
The federal government issues bonds, along with short-term notes, for the expenditures required to operate the federal government and to pay off debt that is maturing.
Alexander Hamilton's solution to paying off Revolutionary War bonds involved the federal government assuming state debts and issuing new bonds to replace the old ones. He proposed that the federal government honor the debts incurred by the states during the war, which would establish the creditworthiness of the new nation. This plan included the creation of a national bank to manage the debt and facilitate economic stability. Hamilton's approach aimed to unify the states under a strong central government while fostering trust in the nation's financial system.
Issued Bonds
assumption
Funding and assumption.
Funding at Par
fiscal policy
fiscal policy
fiscal policy
fiscal policy
fiscal policy
fiscal policy
fall
it is part of expansionary monetary policy
it is part of expansionary monetary policy