TXMC on Nostr: "The public debt of a nation is either intended ultimately to be paid off, or it is ...
"The public debt of a nation is either intended ultimately to be paid off, or it is not.... If it is not so intended, and the borrowing was not merely a premeditated swindle upon the creditors, it may take the form of a perpetual loan: callable in theory, but upon which nobody is likely ever to propose any payment other than to bear the service charges."
-A World In Debt, 1936
Published at
2023-02-23 17:21:48Event JSON
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"content": "\"The public debt of a nation is either intended ultimately to be paid off, or it is not.... If it is not so intended, and the borrowing was not merely a premeditated swindle upon the creditors, it may take the form of a perpetual loan: callable in theory, but upon which nobody is likely ever to propose any payment other than to bear the service charges.\"\n\n-A World In Debt, 1936",
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