As Secretary of the Treasury in the United States,Alexander Hamilton opposed the time-inconsistent policy of:

Question

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Alexander Hamilton opposed the time-inconsistent policy of repudiating the debt, which means refusing to repay it. He believed that repaying the debt was essential to establishing the creditworthiness of the United States and creating trust among nations for future borrowing. Repudiating the debt would harm the country's reputation and make it difficult to borrow in the future. Therefore, he proposed a plan to repay the debt by raising taxes and issuing government bonds.