"It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon"
- Dudley North
About this Quote
This quote by Dudley North is referring to the need for a trustworthy source of money in order to assist in financial growth. North is recommending that cash ought to be taken at interest, rather than purchasing time, as this would provide a more trustworthy source of funds. Nevertheless, North acknowledges that this needs people to be ready to lend money, and for the legislative to provide a fund to borrow from. This quote highlights the importance of having a trustworthy source of money in order to facilitate financial development, and the need for the legislative to supply a fund to obtain from in order to make this possible. North's quote likewise suggests that individuals need to want to lend money in order to assist facilitate economic development, as this would provide a reputable source of funds. Eventually, North's quote emphasizes the importance of having a trustworthy source of cash in order to assist in economic development, and the need for the legislative to supply a fund to obtain from in order to make this possible.
This quote is written / told by Dudley North between May 10, 1641 and December 31, 1691. He/she was a famous Economist from England.
The author also have 9 other quotes.
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