"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world"

This quote by Thomas Jefferson emphasizes the significance of each generation taking duty for their own debts. He suggests that if this principle was followed, it would reduce the variety of wars worldwide by half. This indicates that many wars are caused by one generation not paying their financial obligations, which results in dispute in between generations. Jefferson is recommending that if each generation paid their own financial obligations, it would lower the amount of dispute between generations and therefore reduce the number of wars. This quote highlights the significance of taking responsibility for our own financial obligations and the possible consequences of refraining from doing so. It also functions as a reminder that our actions have repercussions, not just for ourselves however for future generations.