Political Quotes

John Tyler: “Wealth can only be accumulated by the earnings of industry and the savings of frugality, and nothing can be more ill…”

On the record
Wealth can only be accumulated by the earnings of industry and the savings of frugality, and nothing can be more ill judged than to look to facilities in borrowing or to a redundant circulation for the power of discharging pecuniary obligations.
Said by
John Tyler
Whig · Virginia

Editor's note · Context

Tyler argues that true wealth comes from hard work and savings, not from borrowing or excessive currency.

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