"Debt, n. An ingenious substitute for the chain and whip of the slavedriver"

This quote by Ambrose Bierce is a discourse on the power of financial debt as well as its ability to regulate individuals. Bierce is comparing financial obligation to the chain and also whip of a slave driver, suggesting that financial obligation can be used to manage individuals in a similar means. He is suggesting that financial obligation can be used to adjust people right into doing things they would certainly not or else do, such as functioning long hours or handling even more debt to settle existing debt. This quote is a suggestion of the power of financial debt and how it can be used to regulate individuals. It is an alerting to be familiar with the power of debt and also to be cautious when handling debt. Debt can be an useful device, but it can likewise be an effective pressure that can be made use of to adjust as well as manage people.