Tuesday, December 27, 2005

Credit no bargain

"He that sells upon credit asks a price for what he sells equivalent to the principal and interest of his money for the time he is likely to be kept out it; therefore he that buys upon credit pays interest for what he buys. And he that pays ready money might let that money out to use; so that he that possesses anything he has bought pays interest for the use of it."

-Benjamin Franklin