A nation would not, except in dire necessity, issue its promises to pay money when it is unable to redeem those promises.
John Sherman: “A nation would not, except in dire necessity, issue its promises to pay money when it is unable to redeem those…”
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gutenberg.orgEditor's note · Context
Sherman argues against issuing unredeemable currency except in extreme situations, emphasizing fiscal responsibility.
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If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
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The life of a civilian is in what he says or writes, that of a soldier in what he does.
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