• But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.

    Nancy Spannaus, Christopher White, Alexander Hamilton, Thomas More, Henry VIII (2015). “The Political Economy of the American Revolution”, p.425, Executive Intelligence Review
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