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About this quote

What does it mean?
Paying debts to history by borrowing from our own future creates a cycle of obligation.
In plain terms
We settle past debts by taking on new ones ourselves.
What can you take from it?
Avoid shifting burdens from the past to your future.

Where it applies

  • financial planning
  • historical reckoning
  • policy making

Putting it to work

  • live within means
  • plan for sustainability

Questions to consider

  • What debts do you leave for future generations?
  • How do you balance past and future obligations?

Another view

It simplifies complex economic or historical debts.

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