QuoteProject
I go on the principle that a public debt is a public curse and in a republican government more than in any other.
James Madison
ShareWTF𝕏

Interpretation

What this quote means

Public debt is detrimental to society, especially in a republic.

James Madison highlights the inherent dangers of public debt in a republican government. He views it as a 'public curse' because the burden of debt ultimately falls on the citizens, threatening their freedom and the health of the government itself. In a system founded on the principle of public representation, excessive debt can undermine the very tenets of democracy, as it leads to fiscal irresponsibility that can diminish the capabilities of the government to serve its people.

Themes

DebtGovernmentPublicCurseRepublicFreedom

In practice

Example use cases

In a discussion about fiscal policy, one might quote Madison to emphasize the importance of managing national debt.

More from James Madison

No man is allowed to be a judge in his own cause; because his interest would certainly bias his judgment, and, not improbably, corrupt his integrity. With equal, nay with greater reason, a body of men are unfit to be both judges and parties at the same time.
James MadisonRead
I believe there are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power, than by violent and sudden usurpations; but, on a candid examination of history, we shall find that turbulence, violence, and abuse of power, by the majority trampling on the rights of the minority, have produced factions and commotions, which, in republics, have, more frequently than any other cause, produced despotism.
James MadisonRead
The advice nearest to my heart and deepest in my convictions is that the Union of the States be cherished and perpetuated.
James MadisonRead
Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives.
James MadisonRead
The magnitude of this evil among us is so deeply felt, and so universally acknowledged, that no merit could be greater than that of devising a satisfactory remedy for it.
James MadisonRead
It was by the sober sense of our citizens that we were safely and steadily conducted from monarchy to republicanism, and it is by the same agency alone we can be kept from falling back.
James MadisonRead

Similar quotes

Slavery, if it can be legalized at all, can be legalized only by positive legislation. Natural law gives it no aid. Custom imparts to it no legal sanction.
Lysander SpoonerRead
Meaning is what essence becomes when it is divorced from the object of reference and wedded to the word.
Willard Van Orman QuineRead
While the notion that torture works has been glorified in television shows and movies, the simple truth is this: torture has never been an effective interrogation method.
Jerrold NadlerRead
The response to war is to live like brothers and sisters. The response to injustice is to share. The response to despair is a limitless trust and hope. The response to prejudice and hatred is forgiveness. To work for community is to work for humanity. To work for peace is to work for a true political solution; it is to work for the Kingdom of God. It is to work to enable every one to live and taste the secret joys of the human person united to the eternal.
Jean VanierRead
I have spent years studying what it means to be white in a society that proclaims race meaningless, yet is deeply divided by race.
Robin DiangeloRead
People can have the Model T in any color – so long as it’s black.
Henry FordRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.