If we over-borrow or over-tax, we shall create a situation which, far from diminishing unemployment, must tend materially to increase it.
One feature of debt intolerant countries that are serial defaulters is their tendency to over-borrow.
There was a general feeling of confidence, a tendency to over-borrow money and to spend huge sums on railways and other public works.
The greatest problem for farmers, particularly those who have entered farming during the last 20 years, has been over-borrowing.
Industry has over-borrowed; everybody has over-borrowed.
