FQ.07.29: Favorite Quote for This Week

Alexander Hamilton wanted to be sure our [Revolutionary] war debt was the beginning, not the end, of our borrowing history.  Realizing that the country could use borrowed money for an emergency or a project that it otherwise could not afford, he immediately established our good credit... This ability to borrow came in rather handy when President Jefferson [in 1803] received an offer he could not possibly refuse.
—Elaine Schwartz, Econ 101½