The ruling passion of the age is to convert wealth into debt in order to derive a permanent future income from it - to convert wealth that perishes into debt that endures, debt that does not rot, costs nothing to maintain, and brings in perennial interest.
The energy available for each individual man is his income, and the philosophy which can teach him to be content with penury should be capable of teaching him also the uses of wealth.
The laws expressing the relations between energy and matter are, however, not solely of importance in pure science. They necessarily come first in order ... in the whole record of human experience, and they control, in the last resort, the rise or fall of political systems, the freedom or bondage of nations, the movements of commerce and industry, the origin of wealth and poverty, and the general physical welfare of the race.
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