Listen to “Jefferson Warned Us on Debt” on Spreaker.
Thomas Jefferson warned us. We didn’t listen.
In 1789, while serving as U.S. minister to France, Jefferson sent a letter across the Atlantic to James Madison. He offered Madison this thought: “the earth belongs in usufruct to the living… that the dead have neither powers nor rights over it.”
Elegant, precise language worthy of a defining time.
Jefferson was arguing that one generation had no right to bind another. He made that argument (not











