If the whole or any part of that income be saved, so much new capital is generated,--the infallible operation of which is to lower the value of money, and consequently to conduce towards the improvement of public credit.
Burke emphasizes the importance of saving income for generating new capital and improving public credit.
Share
More from Edmund Burke
Not being illuminated with the light of which the gentlemen of France tell us they have got so abundant a share, they acted under a strong impression of the ignorance and fallibility of mankind.
I think our happy situation owing to our Constitution,--but owing to the whole of it, and not to any part singly,--owing in a great measure to what we have left standing in our several reviews and reformations, as well as to what we have…
If any of them should happen to propose a scheme of liberty soberly limited, and defined with proper qualifications, he will be immediately outbid by his competitors, who will produce something more splendidly popular.
They come from one who has been no tool of power, no flatterer of greatness, and who in his last acts does not wish to belie the tenor of his life.
Other voices in this conversation
