On the recordJanuary 1, 1790
To establish a current circulating credit upon any land-bank, under any circumstances whatsoever, has hitherto proved difficult at the very least.
Said by
Edmund Burke
Source
gutenberg.orgEdmund Burke: “To establish a current circulating credit upon any land-bank, under any circumstances whatsoever, has hitherto proved…”
Editor's note · Context
Burke states a general financial principle that establishing circulating credit based on a land-bank has always been inherently challenging.
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