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.
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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.