Tuesday, June 23, 2009

Our First "PIF" Earrings

The concept was described by Benjamin Franklin, in a letter to Benjamin Webb dated April 22, 1784:

I do not pretend to give such a Sum; I only lend it to you. When you [...] meet with another honest Man in similar Distress, you must pay me by lending this Sum to him; enjoining him to discharge the Debt by a like operation, when he shall be able, and shall meet with another opportunity. I hope it may thus go thro' many hands, before it meets with a Knave that will stop its Progress. This is a trick of mine for doing a deal of good with a little money.

1 comment:

  1. Hi,

    Just wanted to take a minute and say hello, and tell you that I love these earrings!
    Your blog is very nice to, nice job!
    I have a gray tabby cat to, her name is Juno.