Government Quote by Dudley North
“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.”
About This Quote
Source Treatise: 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., null
Explores whether law should cap interest rates or let parties set terms freely.
In simple terms: Should the set interest limits or allow free negotiation?
Key Takeaway
Consider the balance between protection and freedom.
Themes
economics
law
finance
Mood
analytical
critical
Type
policy
economic
When to use this quote
- banking
- personal loans
- government policy
- consumer protection
Key Concepts
interest rates
regulation
market freedom
Questions to Reflect On
- What are the societal impacts of interest caps?
- How do caps affect lenders' willingness to lend?
A Different Perspective
High caps can exploit borrowers; low caps may restrict credit availability.
