Daily Archives: 2010-12-24

On the Dangers of Deficits and Perpetual Revenue

2010-12-24
By
On the Dangers of Deficits and Perpetual Revenue

In the Debates in the Federal Convention of 1787, Mr. Mason of Virginia, suggested: the necessity of preventing the danger of perpetual revenue which must of necessity subvert the liberty of any Country. If it be objected to on the principle of Mr. Rutledge’s motion that public credit may require perpetual provisions, that case might…

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