Quote by Thomas Jefferson
I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.
Summary
This quote expresses the belief that economic prudence and frugality are essential virtues for a republican government. It highlights the idea that maintaining a sound economy is crucial for the well-being and stability of a nation. Furthermore, it emphasizes the perils associated with accumulating public debt, suggesting that it poses a significant threat to the republic's stability and prosperity. This quote encourages governments to prioritize financial responsibility and warns against the risks of excessive debt.