Respectfully Quoted: A Dictionary of Quotations. 1989.
Thomas Jefferson (17431826)
The maxim of buying nothing without the money in our pocket to pay for it, would make of our country one of the happiest upon earth. Experience during the war proved this; as I think every man will remember that under all the privations it obliged him to submit to during that period he slept sounder, and awaked happier than he can do now. Desperate of finding relief from a free course of justice, I look forward to the abolition of all credit as the only other remedy which can take place.
THOMAS JEFFERSON, letter to Alexander Donald, July 28, 1787.The Papers of Thomas Jefferson, ed. Julian P. Boyd, vol. 11, p. 633 (1955).