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The New Zealand Railways Magazine, Volume 5, Issue 8 (February 1, 1931)

The Incredibility of Credit

The Incredibility of Credit.

Man has a lot to his credit and he owes a lot to Credit; for he is a natural creature of Credit. Credit is the breath of his strife, and shortness of breath is a prevalent penalty of Progress. Credit is a sort of L.S.Delirium to which he is heir; it is a swivelisation of civilisation, and without Credit he would be discredited. The idea of Credit is to get something for nothing on the understanding that you pay twice as much for it as you would if you paid for it before—or something as incredible. Before you can get Credit you must prove that you don't need it. But he who needs it most can't get it unless he can prove that he can do without it, which he can't. A country that would raise a loan must shew reason why it doesn't need it, and the supplicant who gets Credit must first prove that he should'nt. All of which seems discernible and incredible; boiled down and oiled up it means: “If you can't you can” and “If you don't you do.” ‘Tis a mad world, shipmates. Credit is really the echo of Bullion's bellow or cash incog.