Quote by Thomas Jefferson
I, however, place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.
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Summary
This quote, attributed to Thomas Jefferson, underscores the importance of economic prudence and fiscal responsibility in a republican system of government. Jefferson prioritizes economy as one of the foremost virtues for a nation, recognizing the need to manage resources efficiently and responsibly. Furthermore, he views public debt as an alarming risk, emphasizing the potential threats it poses to the stability and well-being of a republic. In essence, Jefferson advocates for the careful management of finances and the avoidance of excessive public debt as vital components of sustaining a healthy and prosperous nation.