National Blessing Quotes
See {604501} for another of his statements. It was Alexander Hamilton who called the national debt a national blessing. See {207891}. Jackson was convinced that a moneyed class who held the national debt could dictate to any administration by threatening to not renew their bonds. The same concern was expressed at the beginning of the 21st century regarding the Chinese and the Middle Eastern countries which held do many of our bonds.
1st Baron Macaulay. An autocracy can produce an extensive coherent legal code much easier than a popular government because a few people can make all the decisions and need the final approval of one. The democracy has all the different forces and views of society to contend with and it takes much more to resolve and compromise a final code. The result however is not only fairer generally but is respected more by the people.
