On the record
If the natural obligation of contracts were known, and recognized as law, we should have no need of insolvent or bankrupt laws.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “If the natural obligation of contracts were known, and recognized as law, we should have no need of insolvent or…”
Editor's note · Context
Spooner argues that recognizing the natural obligation of contracts would eliminate the need for bankruptcy laws.
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More from Lysander Spooner
On the contrary, they acknowledge themselves robbers, murderers, and villains, pure and simple.
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 carry their heads high, above all other men, and demand our reverence and admiration, as statesmen, patriots, and benefactors.
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.