As on the one hand, the necessity for borrowing in…
“As on the one hand, the necessity for borrowing in particular emergencies cannot be doubted, so on the other, it is equally evident that to be able to borrow upon good terms, it is essential that the credit of a nation should be well established.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Good credit enables borrowing on favorable terms, especially in emergencies.
In simple terms: Credit matters for borrowing.
Key Takeaway
Maintain strong national credit.
Themes
finance
government
credit
emergencies
Mood
cautious
strategic
Type
political
economic
When to use this quote
- government budgeting
- international loans
- crisis management
- bond issuance
Key Concepts
fiscal responsibility
trust
reputation
Questions to Reflect On
- How can a nation protect its credit?
- What risks arise from over‑borrowing?
A Different Perspective
Credit can be damaged by mismanagement.