Credit Theory

Famous quotes containing the words credit and/or theory:

“If you want to be on good terms with everyone in this world, sell goods on credit and never ask for payment.”
—Chinese proverb.

“By the “mud-sill” theory it is assumed that labor and education are incompatible; and any practical combination of them impossible. According to that theory, a blind horse upon a tread-mill, is a perfect illustration of what a laborer should be—all the better for being blind, that he could not tread out of place, or kick understandingly.... Free labor insists on universal education.”
—Abraham Lincoln (1809–1865)