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# Sober People

## Definition

Economic actors who borrow capital with the intention of employing it productively and are willing to pay reasonable interest rates based on expected returns. They represent the economically beneficial use of credit.

## Source Chapter

Book II, Chapter 4

## Context

Smith argues that when legal interest rates are set appropriately, capital flows toward these borrowers rather than to risky speculators, thereby benefiting the overall economy through productive investment.

## Economic Domain

Accumulation

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