"Solvency is maintained by means of a..." - Quote by Ralph Waldo Emerson
Solvency is maintained by means of a national debt, on the principle, "If you will not lend me the money, how can I pay you?"
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More by Ralph Waldo Emerson
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“The first of the month falls every month, too, North or South. And them white folks who sends bills never forgets to send them-the phone bill, the furniture bill, the water bill, the gas bill, insurance, house rent.”
“Government ought to be as much open to improvement as anything which appertains to man, instead of which it has been monopolized from age to age, by the most ignorant and vicious of the human race. Need we any other proof of their wretched management, than the excess of debts and taxes with which every nation groans, and the quarrels into which they have precipitated the world?"”
“A creditor is worse than a slave-owner; for the master owns only your person, but a creditor owns your dignity, and can command it.”