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AlekseyPX
3 years ago
12

Why did Hamilton propose creating a permanent national debt by issuing new bonds as old ones were paid off

History
1 answer:
denpristay [2]3 years ago
8 0
Hamilton proposed that the government take responsibility for the existing public debt, however he did not envision paying off and thus eliminating the debt. Instead, he wanted to create a large and permanent national debt, with new bonds being issued as old ones were paid off.
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