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It is a well-known fact that in countries in which the national debt is properly funded, and an object of established confidence, it answers most of the purposes of money. Transfers of stock, or public debt, are there equivalent to payments in specie; or, in other words, stock, in the principal transactions of business, passes current as specie. The same thing would, in all probability, happen here, under the like circumstances.

Alexander Hamilton, Lyndon LaRouche (2016). “The Vision of Hamilton: Hamilton's 4 Reports and LaRouche's 4 Laws”, p.10, Executive Intelligence Review
It is a well-known fact that in countries in which the national debt is properly funded, and an object of established confidence, it answers most of the purposes of money. Transfers of stock, or public debt, are there