Bankruptcy Quotes - page 5
The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse.
Henry Hazlitt
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Noam Chomsky
To avoid a future of war, crime, and bankruptcy, the individual must begin to plan his own destiny, and the best source for the necessary information comes down to us through the writings of the ancients. The greatest knowledge of all time should be available ... in a book that would be a monument, not merely a coffin.
Manly Palmer Hall
The whole position is a crystal clear example of the proposition that commitments and power must be balanced. Failure to balance them leads to bankruptcy, moral, political, and diplomatic. Neither Britain nor America was capable of paying the debt of honour.
Why?
Not because we did not support the League. Not because we did not believe in collective security. Not because we loved the Japanese. The reason is much simpler. Years of pacifism, disarmament, and false economy had deprived us of the power to do so.
Quintin Hogg, Baron Hailsham of St Marylebone
...public opinion justly recognized in both, above all things, the bankruptcy of the government,which, in its progressive development placed in jeopardy first the honour and now the very existence of the state.People just as little deceived themselves then as now regarding the true seat of the evil, but as little now as then did they make even an attempt to apply the remedy at the proper point. They saw well that the system was to blame; but this time also they adhered to the method of calling individuals to account.
Theodor Mommsen
One puts in the hands of each adult a ballot, but on the back of each soldier a knapsack: with what promises of massacre and bankruptcy for the Twentieth Century, with what exasperation of ill will and distrust, with what loss of wholesome effort, by what a perversion of productive discoveries, accompanied by what an improvement in the means of destruction, by what recoil toward the inferior and unhealthy forms of the old combative societies, by what a backward step toward egoistic and brutal instincts, toward the sentiments, manner and morality of ancient cities and barbaric tribes, we know all too well.
Hippolyte Taine
We say that Great Britain has always stood for civilised principles, and for humanity and justice. How do we answer now, when we drop bombs on helpless people? [HON. MEMBERS: "Oh."] Yes, when we drop bombs. How do we answer now at whatever judgment seat any hon. Member likes to mention? A nation more powerful than us may drop even worse bombs on British cities. How answer that? With bombs? Bombs with bombs? That is the bankruptcy of statesmanship. The world has travelled that way in my own lifetime twice. We dare not travel that way again, because this time there will be no return.
Aneurin Bevan
It seems to me, upon the whole matter, that to save or redeem a nation under such circumstances from perdition, nothing less is necessary than some great, some extraordinary conjuncture of ill fortune, or of good, which may purge, yet so as by fire. Distress from abroad, bankruptcy at home, and other circumstances of like nature and tendency, may beget universal confusion. Out of confusion order may arise: but it may be the order of a wicked tyranny, instead of the order of a just monarchy. Either may happen: and such an alternative, at the disposition of fortune, is sufficient to make a stoic tremble! We may be saved indeed by means of a very different kind; but these means will not offer themselves, this way of salvation will not be opened to us, without the concurrence, and the influence of a P.
Henry St John, 1st Viscount Bolingbroke
Refusing to heed his argument the French people had again to be punished more severely than in John Law's time: the over-issue of assignats and mandats during the Revolution came forty years after his warning; and paper money inflation was again paid for by widespread bankruptcy and ruin.
Andrew Dickson White
It is said that the world is in a state of bankruptcy; that the world owes the world more than the world can pay, and ought to go into chancery and be sold. I do not think this general insolvency, which involves in some sort all the population, to be the reason of the difficulty experienced at Christmas and New Year and other times, in bestowing gifts; since it is always so pleasant to be generous, though very vexatious to pay debts. But the impediment lies in the choosing. If at any time it comes into my head that a present is due from me to somebody, I am puzzled what to give, until the opportunity is gone. Flowers and fruits are always fit presents; flowers, because they are a proud assertion that a ray of beauty outvalues all the utilities of the world. These gay natures contrast with the somewhat stern countenance of ordinary nature: they are like music heard out of a work-house.
Ralph Waldo Emerson
