The Jeffersonian cyclopedia; a comprehensive collection of the views of Thomas Jefferson classified and arranged in alphabetical order under nine thousand titles relating to government, politics, law, education, political economy, finance, science, art, literature, religious freedom, morals, etc.; |
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5624. NATIONAL CURRENCY, Borrowing fund.—[further continued]. |
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5624. NATIONAL CURRENCY, Borrowing fund.—[further continued].
The circulating fund is
the only one we can ever command with
certainty. It is sufficient for all our wants;
and the impossibility of even defending the
country without its aid as a borrowing fund,
renders it indispensable that the nation should
take and keep it in their own hands, as their
exclusive resource.—
To President Madison. Washington ed. vi, 393.
Ford ed., ix, 491.
(M.
Oct. 1814)
| The Jeffersonian cyclopedia; | |