Public credit, that great, but ambiguous principle, which has so often been predicted as the cause of our certain ruin, but which for a century has been the constant companion, and often the means, of our prosperity and greatness, had its origin, and was cradled, I may say, in bankruptcy and beggary.
Burke reflects on the paradox of public credit, which has been both a source of prosperity and a warning of potential ruin.
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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.
Let us add, if we please, but let us preserve what they have left; and standing on the firm ground of the British Constitution, let us be satisfied to admire, rather than attempt to follow in their desperate flights, the aëronauts of…
They will become flatterers instead of legislators,--the instruments, not the guides of the people.
Let us imitate their caution, if we wish to deserve their fortune or to retain their bequests.
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