"Wherefore when a man giveth out his money upon condition that be may not demand it back until a certain time to come, he certainly may take a compensation for this inconvenience which he admits against himself"
- William Petty
About this Quote
This quote by William Petty is describing the concept of providing cash. Petty is suggesting that when a person provides cash, they should have the ability to get a compensation for the hassle of not having access to their cash till a certain time in the future. This payment might be in the kind of interest, which is a typical practice when lending money. Petty is emphasizing that the loan provider should have the ability to receive something in return for the inconvenience of not having access to their cash. This quote is a pointer that lending cash ought to be an equally advantageous arrangement, where both parties take advantage of the transaction. It is important to keep in mind that providing cash is a danger, and the lending institution should be compensated for taking that threat.
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
"I don't understand the whole dating thing. I know right off the bat if I'm interested in someone, and I don't want them to waste their money on me and take me out to eat if I know I'm not interested in that person"