One of the commonest things to do with savings is to lend…
“One of the commonest things to do with savings is to lend them to some Government. In view of the fact that the bulk of the public expenditure of most civilized Governments consists in payment for past wars or preparation for future wars, the man who lends his money to a Government is in the same position as the bad men in Shakespeare who hire murderers. The net result of the man's economical habits is to increase the armed forces of the State to which he lends his savings. Obviously it would be better if he spent the money, even if he spent it in drink or gambling.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Lending money to governments that fund wars indirectly supports violence, making savers complicit in conflict.
In simple terms: Saving for the government can fund war.
Key Takeaway
Consider ethical alternatives to government bonds.
Themes
ethics
economics
war
responsibility
Mood
concerned
thoughtful
Type
political
ethical
When to use this quote
- investing in socially responsible funds
- donating to peace NGOs
- advocating for fiscal transparency
Key Concepts
moral philosophy
political economy
financial ethics
Questions to Reflect On
- Should you avoid all government bonds?
- What criteria make an investment ethical?
A Different Perspective
Some governments may use funds for non‑military purposes, complicating the moral judgment.