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I place economy among the first and most important virtues and public debt as the greatest dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
Thomas Jefferson
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Interpretation

What this quote means

Jefferson emphasizes the importance of economic responsibility and warns against the dangers of public debt.

In this quote, Thomas Jefferson asserts that economic prudence is a foundational virtue essential for a nation's independence. He warns that excessive public debt can enslave citizens by imposing heavy taxes on their basic needs and pleasures, advocating for a government that does not squander the people's labor under the guise of benevolence, which ultimately leads to a more content and self-reliant populace.

Themes

EconomyDebtIndependenceGovernmentLaborVirtue

In practice

Example use cases

A speaker at a financial literacy seminar could use this quote to emphasize the importance of understanding public debt.

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I, place economy among the first & most important republican virtues, & public debt as the greatest of the dangers to be feared
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Quote by Thomas Jefferson | QuoteProject