Цепочка: деньги — слуга, не господин

Аргумент глав XI–XII: финансы вторичны, деньги — инструмент, а место, где финансируют дело, — цех. Заём не заменяет работу.

1. Первичное — производить; финансы вторичны — speculation-and-finance

   The primary object of a manufacturing business is to produce, and if that objective is always kept, finance becomes a wholly secondary matter that has largely to do with bookkeeping.
   — My Life and Work, ch. XI

2. Финансируют дело в цехе, а не в банке — speculation-and-finance

   The place to finance a manufacturing business is the shop, and not the bank.
   — My Life and Work, ch. XI

3. Деньги — только инструмент; больше денег не вылечит больной цех — money-making-not-business

   Money is only a tool in business. It is just a part of the machinery. You might as well borrow 100,000 lathes as $100,000 if the trouble is inside your business.
   — My Life and Work, ch. XI

4. Заём не должен заменять работу — productive-investment

   We are against trying to make borrowed money take the place of work. We are against the kind of banker who regards a business as a melon to be cut.
   — My Life and Work, ch. XI

5. Худшее время занимать — когда думают, что тебе нужны деньги — speculation-and-finance

   I cannot too greatly emphasize that the very worst time to borrow money is when the banking people think that you need money.
   — My Life and Work, ch. XII