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.orgIf this principle were acknowledged, we should have no occasion, and no use, for insolvent or bankrupt laws.
This quote reiterates that acknowledging the principle of debt repayment would eliminate the need for bankruptcy laws.
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More from Lysander Spooner
And yet these reasons, which are really no reasons at all, are the only ones, so far as I know, that have ever been offered for this absurd and brutal doctrine.
Practically speaking, no government knows any limits to its power, except the endurance of the people.
The will, or the pretended will, of the majority, is the last lurking place of tyranny at the present day.
Juries would refuse to enforce a tax against a man who had never agreed to pay it.