Thomas Paine quote about interest from Common Sense - No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance.
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No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance.
 Thomas Paine, Common Sense (1776). copy citation

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Author Thomas Paine
Source Common Sense
Topic interest nation debt bond
Date 1776
Language English
Reference
Note
Weblink http://www.gutenberg.org/files/147/147-h/147-h.htm

Context

“Such a thought is unworthy a man of honor, and is the true characteristic of a narrow heart and a pedling politician.
113 The debt we may contract doth not deserve our regard if the work be but accomplished. No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance. Britain is oppressed with a debt of upwards of one hundred and forty millions sterling, for which she pays upwards of four millions interest. And as a compensation for her debt, she has a large navy; America is without a debt, and without a navy; yet for the twentieth part of the English national debt, could have a navy as large again.” source

Meaning and analysis

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