the second is war.
We should consider ourselves unauthorized
to saddle posterity with our debts and morally bound to pay them ourselves
Each generation has the right by will of its majority to bind themselves
but none to bind the succeeding generation
When national debts have once been accumulated to a certain degree,
[there has never been] a single instance
of their having been fairly and completely paid.
The liberation of the public revenue...
has always been brought about by bankruptcy,
though frequently by a pretended payment [through inflation].
Moral philosopher and Father of Modern Economics
Whenever they shall grow weary of the existing government,
they can exercise their constitutional right of amending it,
or exercise their revolutionary right to overthrow it.
it becomes an example for the poor to plunder the rich of his property,
for the rights of the one are as much property to him
as wealth is property to the other,
and the little all is as dear as the much.
It is only by setting out on just principles
that men are trained to be just to each other; and it will always be found,
that when the rich protect the rights of the poor,
the poor will protect the property of the rich.
But the guarantee, to be effectual, must be parliamentarily reciprocal.
Any system produces winners and losers.
If the gap between them gets too great,
the losers will organize themselves politically
and seek to recast the existing system within nations and between them.