Moral and Financial Bankruptcy

Today, we as a nation are monstrously in debt and borrowing more and more off the backs of our children and grandchildren. Yet Alexander Hamilton, our country’s first Secretary of the Treasury, said in Federalist 35 that our economy will work best when we have less needless regulations.

He notes: “It might be demonstrated that the most productive system of finance will always be the least burdensome.” He says what we need is “a judicious exercise of the power of taxation.”