On the record
Now, by the immutable laws of credit, which all legislative enactments are impotent to counteract or expunge, the nation must suffer when it enters the market as a borrower.
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gutenberg.orgCharles Sumner: “Now, by the immutable laws of credit, which all legislative enactments are impotent to counteract or expunge, the nation…”
Editor's note · Context
Sumner discusses the inevitable consequences of borrowing under poor credit conditions.
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