The Question to be consider... by Dudley North, an English Economist

Dudley North Quotes

“The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.”

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Dudley North

Author details

Name: Dudley North

Nationality: English

Date of Birth: May 10, 1641

Date of Death: Dec 31, 1691

Profession: Economist

Other Dudley North Quotes

It is said, that in Holland Interest is lower than in England.

Dudley North

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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

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And those are the Rich, who transmit what they have to their Posterity; whereby particular Families become rich; and of such are compounded Cities, Countries, Nations, etc.

Dudley North

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So that it cannot be denied, but the lowering of Interest may, and probably will keep some Money from coming abroad into Trade; whereas on the contrary, high Interest certainly brings it out.

Dudley North

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If any man, out of an humour, should turn all his Estate into Money, and keep it dead, he would soon be sensible of Poverty growing upon him, whilst he is eating out of the quick stock.

Dudley North

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