The man who lends his money to a government

One of the commonest things to do with savings is to lend them to some government. In view of the fact that the bulk of the expenditure of most civilized governments consists in payments for past wars and preparation for future wars, the man who lends his money to a government is in the same position as the bad men in Shakespeare who hire murderers. The net result of the man’s economical habits is to increase the armed forces of the State to which he lends his savings. Obviously it would be better if he spent the money, even if he spent it on drink or gambling.

Reading In Praise of Idleness today. At the moment when markets are at their highest high, when gold and crypto at absurd levels (what are absurd levels?), when PE that never seen before (true?)

Throughout Europe, though not in America, there is a third class of men, more respected than either of the classes of workers. These are men who, through ownership of land, are able to make others pay for the privilege of being allowed to exist and to work. These landowners are idle, and I might, therefore, be expected to praise them. Unfortunately, their idleness is rendered possible only by the industry of others; indeed their desire for comfortable idleness is historically the source of the whole gospel of work. The last thing they have ever wished is that others should follow their example.