On the record
If this principle were acknowledged, we should have no occasion, and no use, for insolvent or bankrupt laws.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “If this principle were acknowledged, we should have no occasion, and no use, for insolvent or bankrupt laws.”
Editor's note · Context
This quote reiterates that acknowledging the principle of debt repayment would eliminate the need for bankruptcy laws.
Share
More from Lysander Spooner
They do not carry their heads high, above all other men, and demand our reverence and admiration, as statesmen, patriots, and benefactors.
They do not tell us of the almshouses, hospitals, schools, churches, etc., which, out of the purest charity and benevolence, they maintain for our benefit, out of the money they take from us.
They do not tell us that we are the freest and happiest people on earth, inasmuch as each of our male adults is allowed one voice in ten millions in the choice of the men, who are to rob, enslave, and murder us.
They do not attempt to deceive us, or mislead us, or reconcile us to their doings, by any such pretences, impostures, or insults as these.