Debt Quotes - page 30
Tangibles trump conceptuals. Modern fiat currencies are generally accepted, but have essentially no backing. Because they are largely a by-product of interest-bearing debt, modern currencies are destined for inflation. In the long run, inflation dooms fiat currencies to collapse. The majority of your assets should be invested in productive farmland and other tangibles such as useful hand tools. After you have your key logistics squared away, anything extra should be invested in silver and gold.
James Wesley Rawles
I don't think top-down works in America. I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their debt from college at a lower rate. Those are the kinds of things that will really boost the economy. Broad-based, inclusive growth is what we need in America, not more advantages for people at the very top.
Hillary Clinton
The public-choice theorists would have us believe that nobody ever gets involved in governments or the political arena out of a desire to accomplish public [goals[]].... Needless to say, the notion that citizens would voluntarily band together to fight injustice and poverty in faraway parts of the world is incomprehensible to this kind of thinking. This perhaps explains the frequent attempt to dismiss those in the anti-globalization movement as nothing more than a group of self-seeking opportunists - as if there is some kind of money to be made in championing debt elimination for the Third World.
Linda McQuaig
Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves."
Henry Hazlitt
All loans, in the eyes of honest borrowers, must eventually be repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.
Henry Hazlitt
Third World debt - The debt will be written off. There is no possibility of doing anything else. There is no way in which this debt can be recovered. It is not through an increased burden on taxpayers in creditor nations that the solution will be found to this dilemma. Instead, money which has hitherto been spent on defense will be found to meet this situation. Defense will no longer be the first priority as tensions begin to decrease around the world.
Benjamin Creme
When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.
Barack Obama
Forgiveness does not mean ignoring what has been done or putting a false label on an evil act. It means, rather, that the evil act no longer remains as a barrier to the relationship. Forgiveness is a catalyst creating the atmosphere necessary for a fresh start and a new beginning. It is the lifting of a burden or the canceling of a debt.
Martin Luther King Jr.
I deny any government, elected or not, the right to kidnap my children and ship them off to a battlefield to kill or be killed. I accept to pay taxes and that's the sum total of my debt to my government. In every other respect, my government owes me, not the other way around.Conscription is the most fundamental denial of liberty, on a par with slavery.I am not a pacifist and I support a professional army. But I oppose the draft even in times of war. If your country cannot find enough volunteers to defend itself when attacked, then it's not worth defending.
Bernard Chazelle
