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.
Share
More from Edmund Burke
Jan 1, 1790
But an absurd theory on one side of a question forms no justification for alleging a false fact or promulgating mischievous maxims on the other.
Jan 1, 1790
Their objects would be enlarged with their elevation; but their disposition, and habits, and mode of accomplishing their designs must remain the same.
Jan 1, 1790
Unquestionably there was at the Revolution, in the person of King William, a small and a temporary deviation from the strict order of a regular hereditary succession; but it is against all genuine principles of jurisprudence to draw a…
Jan 1, 1790
They look upon the legal hereditary succession of their crown as among their rights, not as among their wrongs,--as a benefit, not as a grievance,--as a security for their liberty, not as a badge of servitude.
Other voices in this conversation
