If the present rates of interest are continued to be paid upon only the present banking capital and bonds of the country, for twenty-five years to come, the interest, with the principal added, will have absorbed the total present wealth, as well as its perspective increase.
Victoria C. Woodhull: “If the present rates of interest are continued to be paid upon only the present banking capital and bonds of the…”
Editor's note · Context
Woodhull warns about the dangers of accumulating debt and its potential to consume national wealth.
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