Samuel Johnson on Debt: Punishment vs Restraint

Wise words:

We have now imprisoned one generation of debtors after another, but we do not find that their numbers lessen. We have now learned that rashness and imprudence will not be deterred from taking credit; let us try whether fraud and avarice may be more easily restrained from giving it.
   – Samuel Johnson (via Economist)

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  3. Steven Johnson Auto-Blogs Jon Stewart Appearance
  4. Bank Nationalization, with Simon Johnson and Arnold Kling
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