On the recordMarch 4, 1843
As an individual who undertakes to live by borrowing soon finds his original means devoured by interest, and next, no one left to borrow from, so must it be with a government.
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gutenberg.orgAbraham Lincoln: “As an individual who undertakes to live by borrowing soon finds his original means devoured by interest, and next, no…”
Editor's note · Context
In a Whig Committee address, Lincoln uses an analogy of an individual borrower to illustrate the inevitable financial collapse of a government that relies on loans.
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