Credit Quotes - page 19
All relationships of people to each other rest, as a matter of course, upon the precondition that they know something about each other. The merchant knows that his correspondent wants to buy at the lowest price and to sell at the highest price. The teacher knows that he may credit to the pupil a certain quality and quantity of information. Within each social stratum the individual knows approximately what measure of culture he has to presuppose in each other individual.
Georg Simmel
In all cases, not only in the two which we have analyzed, recovery came of itself. There is certainly this much of truth in the talk about the recuperative powers of our industrial system. But this is not all: our analysis leads us to believe that recovery is sound only if it does come of itself. For any revival which is merely due to artificial stimulus leaves part of the work of depressions undone and adds, to an undigested remnant of maladjustment, new maladjustment of its own which has to be liquidated in turn, thus threatening business with another crisis ahead. Particularly, our story provides a presumption against remedial measures which work through money and credit. For the trouble is fundamentally not with money and credit, and policies of this class are particularly apt to keep up, and add to, maladjustment, and to produce additional trouble in the future.
Joseph Schumpeter
The enthronement in office of a Socialist Government will be a serious national misfortune such as has usually befallen great States only on the morrow of defeat in war. It will delay the return of prosperity; it will check enterprise and impair credit; it will open a period of increasing political confusion and disturbance.
Winston Churchill
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.
Ludwig von Mises
The principle of mutual inter-imperialist assistance whereby American, British, French and West German monopoly capital extends joint control over the wealth of the non-liberated zones of Africa, Latin America and Asia, finds concrete expression in the formation of interlocked international financial institutions and bodies of credit.
Kwame Nkrumah
In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists. But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capitals.
Karl Marx
What chance has Vulcan against Roberts & Co., Jupiter against the lightning-rod and Hermes against the Credit Mobilier? All mythology overcomes and dominates and shapes the forces of nature in the imagination and by the imagination; it therefore vanishes with the advent of real mastery over them.
Karl Marx
Covetousness, and the desire of having in our possession, and under our dominion, more than we have need of, being the root of all evil, should be early and carefully weeded out, and the contrary quality of a readiness to impart to others, implanted. This should be encourag'd by great commendation and credit, and constantly taking care that he loses nothing by his liberality.
John Locke
He never asks the orchestra to do anything which contradicts the players' feeling of what the music signifies or what the printed notes of the score actually mean in plain musical language. To his credit he does not pretend to omniscience. When a certain progression of programs with the Philharmonic decreed that he conduct the Brahms Fourth Symphony two seasons ago, he disavowed intensive rehearsals with the simple statement to the orchestra: "Gentlemen, you know the work better than I do." Both the compliment and the attitude endeared themselves so much to the orchestra that they literally forgot themselves in a mass effort to justify his statement-and, as one of those who heard the performance, I can testify that they delivered one of the most powerful and integrated interpretations of the score that New York has experienced in years.
Oscar Levant
Bill Rogers has got - to his credit it's a decent feeling - but somewhat sort of a blind spot on the black thing because he's been in New York. He says well, ‘They are coming along, and that after all they are going to strengthen our country in the end because they are strong physically and some of them are smart.' So forth and so on. My own view is I think he's right if you're talking in terms of 500 years.
What has to happen is they have to be, frankly, inbred. And, you just, that's the only thing that's going to do it, Rose.
Richard Nixon
