--- title: "Meaning & Key Takeaway of: Government, possessing the power to…" description: "\"Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circ..." image: "https://sms4smile.com/quotes/i/c44/abraham-lincoln-88_business_government-possessing-the-power-to-creat_3065097.png" --- # Government, possessing the power to create and issue… ![“Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as a means of financing government work and public enterprises.” quote by Abraham Lincoln](https://sms4smile.com/quotes/i/c44/abraham-lincoln-88_business_government-possessing-the-power-to-creat_3065097.png) [Download](https://sms4smile.com/quotes/i/c44/abraham-lincoln-88_business_government-possessing-the-power-to-creat_3065097.png) [Open image](https://sms4smile.com/quotes/i/c44/abraham-lincoln-88_business_government-possessing-the-power-to-creat_3065097.png) > “Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as a means of financing government work and public enterprises.” [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Government should fund itself without borrowing at interest, using taxation to manage money supply. **In simple terms:** Governments can avoid interest‑bearing loans by taxing. Key Takeaway Use fiscal policy, not debt, for public projects. Themes economics public finance taxation Mood critical analytical Type policy economic When to use this quote - budget planning - public infrastructure - social programs - debt reduction Key Concepts monetary sovereignty fiscal responsibility Questions to Reflect On - How can governments balance debt reduction with needed investment? - What risks arise from relying solely on taxation? A Different Perspective Political realities may force borrowing despite ideals. ★ ★ ★ ★ ★ No ratings yet [Borrow Capital](https://sms4smile.com/quotes/about/borrow-capital-5158986/) [Business](https://sms4smile.com/quotes/about/business/) [Circulation](https://sms4smile.com/quotes/about/circulation/) [Credit](https://sms4smile.com/quotes/about/credit/) [Currency](https://sms4smile.com/quotes/about/currency/) [Enjoy](https://sms4smile.com/quotes/about/enjoy/) [Enterprise](https://sms4smile.com/quotes/about/enterprise/) [Financing](https://sms4smile.com/quotes/about/financing/) [Financing Government](https://sms4smile.com/quotes/about/financing-government-1900459/) [Government](https://sms4smile.com/quotes/about/government/) [Government Possessing](https://sms4smile.com/quotes/about/government-possessing-5158985/) [Government work](https://sms4smile.com/quotes/about/government-work/) [Interest](https://sms4smile.com/quotes/about/interest/) [Issue Currency](https://sms4smile.com/quotes/about/issue-currency-3242409/) [Issues](https://sms4smile.com/quotes/about/issues/) [Mean](https://sms4smile.com/quotes/about/mean/) [Monetary](https://sms4smile.com/quotes/about/monetary/) [Money](https://sms4smile.com/quotes/about/money/) [Needs](https://sms4smile.com/quotes/about/needs/) [Politics](https://sms4smile.com/quotes/about/politics/) [Possessing](https://sms4smile.com/quotes/about/possessing/) [Possessing Power](https://sms4smile.com/quotes/about/possessing-power-572779/) [Should](https://sms4smile.com/quotes/about/should/) [Taxation](https://sms4smile.com/quotes/about/taxation/) ## Related quotes > [If the Nation can issue a dollar bond it can issue a dollar bill. 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