A person who can’t pay, gets another person who can’t pay, to guarantee that he can pay. Like a person with two wooden legs getting another person with two wooden legs, to guarantee that he has got two natural legs. It don’t make either of them able to do a walking match.[Also known as:]Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.

Source:Book I: Poverty, Chapter 23: Machinery in Motion
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