Debtor Quotes
Individuals who have been wronged by unlawful racial discrimination should be made whole; but under our Constitution there can be no such thing as either a creditor or a debtor race. That concept is alien to the Constitution's focus upon the individual. ...To pursue the concept of racial entitlement - even for the most admirable and benign of purposes - is to reinforce and preserve for future mischief the way of thinking that produced race slavery, race privilege and race hatred. In the eyes of government, we are just one race here. It is American.
Antonin Scalia
The poor man who takes property by force is called a thief, but the creditor who can by legislation make a debtor pay a dollar twice as large as he borrowed is lauded as the friend of a sound currency. The man who wants the people to destroy the Government is an anarchist, but the man who wants the Government to destroy the people is a patriot.
William Jennings Bryan
.. personal credit was guaranteed in the most summary and extravagant fashion; for the law entitled the creditor to treat his insolvent debtor like a thief, and granted to him in sober earnest by legislative enactment what Shylock, half in jest, stipulated for from his mortal enemy, guarding indeed by special clauses the point as to cutting off too much more carefully than did the Jew.
Theodor Mommsen
In the external, patience is some third element that must be added, and, humanly speaking, it would be better if it were not needed; some days it is needed more, some days less, all according to fortune, whose debtor a person becomes, even though he gained ever so little, because only when he wants to gain patience does he become one's debtor.
Søren Kierkegaard
Unhappiness makes people vulnerable, incessant suffering unjust. Just as in the relations between a creditor and a debtor there is always an element of the disagreeable that can never be overcome, for the very reason that the one is irrevocably committed to the role of giver and the other to that of receiver, so in a sick person a latent feeling of resentment at every obvious sign of consideration is always ready to burst forth.
Stefan Zweig
Dialogue in Hell:
probable resources. How are loans made? By the issue of bonds containing an obligation on the part of the government to pay a yearly interest proportionate to the capital which has been depleted. If the loan is at 5 percent, for instance, the state, at the end of twenty years, has paid a sum equal to the capital borrowed; at the end of forty years, a double amount; at the end of sixty years, a triple amount, and yet it always remains debtor for the total of the same capital. The modern states wished to put a necessary.
Will Eisner
Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.
George Soros
Keynes's design was in favour of the liberalization of the economy and the capital's transfers, for the main purpose of monetary stability. To avoid devaluation of currencies - a practice followed by governments in order to sustain their export - Lord Keynes planned to introduce "Bancor”, a money of account to be accepted by all countries in international exchanges. The international body to be organized would get interests both from debtor and creditor countries, in order to finance the balance of payments system.
Nico Perrone
