Benjamin FranklinBenjamin Franklin, (1706-1790) US Founding Father

Benjamin Franklin Quote

“Your creditor has authority at his pleasure to deprive you of your liberty, by confining you in gaol for life, or to sell you for a servant, if you should not be able to pay him! When you have got your bargain, you may, perhaps, think little of payment; but creditors, Poor Richard tells us, have better memories than debtors, and in another place says, creditors are a superstitious sect, great observers of set days and times. The day comes round before you are aware, and the demand is made before you are prepared to satisfy it. Or if you bear your debt in mind, the term which at first seemed so long, will, as it lessens, appear extreamly short. Time will seem to have added wings to his heels as well as shoulders. ”

Benjamin FranklinBenjamin Franklin
~ Benjamin Franklin

The Way to Wealth (1758)

Ratings and Comments

Jim K, Austin

Debt is slavery.

Ronw13, Yachats Or

Credit based economies are the dup of crooked salesmen. Creditors have better memories, and loose your paper work from time to time. But what is it to a slave when inheritance, has already been striped away ? When many are day to day, and others month to month. removed from their land and Liberty, not so long ago. The land that supplied their need and their children's children. Let the crash come, and all the fatted calves be sacrificed. Seeing so many want, what we once had, enjoyed by just a few.


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