VERNON, Conn.
Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry”
– Shakespeare, in Hamlet
Most people in the United States – indeed, in the world – are either 1) buyers or 2) sellers, or 3) people who facilitate buying and selling.
Politicians consider themselves service providers. Their opening, invariably, is “We’re here to help.” As a general rule, politicians collect money from some people, launder it through bewildering, little understood administrative ganglions, and give it to those who, they determine, need help. A sizable chunk of the gift is devoted to the labor costs of the administrative apparatus, and other parts are parceled out to grease the political machine.
Politicians call this “investing.” They imagine that they are doing what millionaires do effectively in what is still laughingly called, here in the un-United States, a “free market.” A free market may be defined correctly as an unregulated selling floor, where people who want goods and services are free to purchase them from sellers without undue interference from third parties not directly involved in buying and selling.
In our Coronavirus cancel-everything era, we have seen autocratic governors swollen with plenary powers shut down the whole economy -- schools, restaurants, businesses, even the legislative and judicial branches of government.
The political universe, in which politicians invest additionally in their own continuance in office, is not at all like a public marketplace where goods and services are freely exchanged. In fact, in many ways, the political trade is just the opposite of a free market. It is where regulations are made that encumber the free flow of goods and services, sometimes in the interests of the general public.
The Shakespearian line quoted above is spoken by Polonius, who is giving fatherly advice to his son Laertes before his trip to Paris. Do not borrow or lend, the father advises, “for loan oft loses both itself and friend.”
Modern banking has solved the problem of lost friendship owing to imprudent borrowing because, as we all know, bankers are not friends. One who refuses to pay a loan from a bank quickly loses his credit, but never a true friend.
We know, either from bitter experience or hearsay, the dangers of imprudent getting and spending – assuming we are not profligate spenders like the majority of politicians in the so called “land of steady habits.” It is the special mission of progressives to unsteady habits. Here in Connecticut, governmental debt is $67 billion as of September 2020. Nationally, the debt is much larger, about $26.70 trillion as of August 2020, but one cannot expect a small state to keep up with so large a spendthrift neighbor.
Polonius tells his son that imprudent borrowing “dulls the edge of husbandry.”
Whatever can Shakespeare mean by that? What was husbandry in the Elizabethan era, and how is the sharp edge of it dulled by borrowing and imprudent spending?
When Banquo says in Macbeth, “There’s husbandry in heaven; Their candles are all out,” he means that the angels are illuminating fewer stars in order to economize.
It turns out that Shakespeare was a notorious borrower of the literary labor of others and, at some point, Thomas Tusser's Five Hundred Points of Good Husbandry may have fallen under his eyes. The book was very popular in its day.
“Husbandry,” we learn from Tusser and others, was a term that had developed from the word “husband.” It was used to refer to the ordering and management of the household. The term, used more broadly, applied as well to animal and agrarian management. The farmer who excelled at husbandry was, in a word, thrifty, which was why women in Shakespeare’s day were attracted to good husbands. Nowadays, a different alchemy, occasionally involving cosmetics and minor surgery, is used by non-farm women to catch wanted “partners”, not necessarily husbands, in their subtle nets. A good Hollywood husband, a gym rat and buff as a new penny, is one who leaves you in material comfort after the divorce.
Divorce and household management aside, the question of good husbandry –thriftiness and economizing -- is conspicuously absent in both Tinseltown and politics, because husbandry in the Shakespearian sense and marriage in the post-modern period are both regarded as steps backwards and a lamentable indication that one has failed to “move forward,” whatever horrors the future may hold for us, some of which may be glimpsed in urban fatherless families and politicians who little care what sprouts from their spendthrift progressive soil.
Don Pesci is a Vernon-based columnist.
