On the record
These penal enactments and prohibitory taxation are acknowledgments that, but for them, the notes would be loaned to any extent that would be profitable to the lenders.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “These penal enactments and prohibitory taxation are acknowledgments that, but for them, the notes would be loaned to any…”
Editor's note · Context
Spooner suggests that prohibitory measures indicate a recognition of the potential profitability of loaning notes.
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