From Debtor’s Prison to Debtor Nation. Shakespeare’s Polonius offered this classic advice to his son: “neither a borrower nor a lender be.” Many of our nation’s Founding Fathers emphatically saw it otherwise. They often lived by the maxim: always a borrower, never a lender be. As tobacco and rice planters, slave traders, and merchants, as […]
Steve Fraser is a historian, writer, and editor-at-large for New Labor Forum.