On the record
If we assume obligations so large as to bear heavily upon the business of the country and to compel unreasonable taxation, there will be little chance of financial stability.
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gutenberg.orgIf we assume obligations so large as to bear heavily upon the business of the country and to compel unreasonable taxation, there will be little chance of financial stability.
Sumner cautions that overextending financial obligations can lead to economic instability and excessive taxation.
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