Ralph Waldo Emerson: Solvent Debt
on Wednesday, July 29, 2020Ralph Waldo Emerson Money Quote saying it’s easy to rationalize national debt based on the idea that Uncle Sam is good for it. Ralph Waldo Emerson said:
“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?” — Ralph Waldo Emerson
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