Solvency is maintained by means of a national debt, on the principle, "If you will not lend me the money, how can I pay you?"


English Traits (1856), reprinted in The Prose Works of Ralph Waldo Emerson, Vol. 2 (Boston: Fields, Osgood, & Co., 1870), p. 206 (full text at GoogleBooks).

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Ralph Waldo Emerson Quotes

Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you?

Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you?

Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you?

Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you?