Friday, October 31, 2008

On the economic crisis:

From The Rules of Discipline of the Religious Society of Friends (Quakers), 1806:

"We warn our members against a pernicious practice amongst the trading part of the community, which has often issued in the ruin of those concerned therein, viz. That of raising and circulating a kind of paper credit, with indorsements, to give it an appearance of value, without an intrinsic reality; a practice which, as it appears to be inconsistent with the truth we profess, we declare our disapprobation of, and entreat every member of our society to avoid and discourage."


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