Error is an accidental fact, which is incessantly remedied by experience.

In short, everybody must guard against it.

As far as those hard necessities are concerned, which force persons to burdensome borrowings, it is clear that these necessities exist previously to the borrowing.

If William is in a situation in which he cannot possibly do without a plane, and must borrow one at any price, does this situation result from James having taken the trouble to make the tool?
Does it not exist independently of this circumstance?
However harsh, however severe James may be, he will never render the supposed condition of William worse than it is.

Morally, it is true, the lender will be to blame; but, in an economical point of view, the loan itself can never be considered responsible for previous necessities, which it has not created, and which it relieves, to a certain extent.
But this proves something to which I shall return.