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First Principles: The Same Prudence Should Be Practiced In the Spending of Private and Public Funds
“The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.” – Thomas Jefferson (1808)
Posted in First Principles
Tagged Debt, Economy, First Principles, Private Debt, Prudence, Thomas Jefferson, Unexplained
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