Quote by Thomas Jefferson

The government of the United States have no idea of paying their debt in a depreciated medium, and... in the final liquidation of the payments which shall have been made, due regard will be had to an equitable allowance for the circumstance of depreciation.

The government of the United States have no idea of paying t

Summary

This quote suggests that the government of the United States is determined to not repay their debts using a devalued currency. It implies that in the future, when the debts are settled, the government will consider providing fair compensation for any losses incurred due to the devaluation of the currency. This statement reflects the government's commitment to honoring their obligations and ensuring that the repayment process takes into account the impact of depreciation.

Topics

Government Circumstances

By Thomas Jefferson

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