When people can easily obtain money through borrowing without real effort, it tempts them toward risky speculations they would not undertake if Capital were hard to access. The ease of getting money corrupts judgment and encourages financial excess. A person who endorses notes without security enables a friend to borrow easily, creating a habit that escalates into increasingly risky Speculation. Both the borrower and the one who endorsed become ruined as they enable each other’s financial irresponsibility.