debt

A Quote by G. Edward Griffin on money, creation, lending, borrowing, and debt

In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish.

Edward Griffin

Source: The Creature from Jekyll Island: A Second Look at the Federal Reserve

Contributed by: peter

A Quote by G. I. Gurdjieff on helping others, nature, debt, mathematical, and mathematics

If you help others, you will be helped, perhaps tomorrow, perhaps in one hundred years, but you will be helped. Nature must pay off the debt. It is a mathematical law and all life is mathematics.

G. I. Gurdjieff

Contributed by: PiALOGUE

A Quote by William George Jordan on debt, privilege, and statistics

Constantly reminding a man of the favors he has received from you almost cancels the debt. The care of the statistics should be his privilege; you are usurping his prerogative when you recall them.

William Jordan

Source: The Power of Truth, p. 37.

Contributed by: Zaady

A Quote by Dr. William Ralph Inge, KC, VO, FBA, DD on debt, mankind, nations, and posterity

The nations which have put mankind and posterity most in their debt have been small states-Israel, Athens, Florence, Elizabethan England.

William Inge (1860 - 1954)

Contributed by: Zaady

A Quote by William Graham Sumner on debt, life, men, and world

The men who start out with the notion that the world owes them a living generally find that the world pays its 'debt' in the penitentiary or the poor house.

William Graham Sumner (1840 - 1910)

Contributed by: Zaady

A Quote by Will H. Nays on belief, business, community, confidence, debt, duty, enemies, good, government, observation, people, promises, rules, and society

We hear a good deal about business confidence, which means confidence of business in itself, in its government, and in its capacity for expansion. But confidence is only another way of saying that people believe each other, keep their promises, pay their debts, and regard their duty to society. As long as business observes these rules, it will have the confidence of the community and it will be safe from all of the irresponsible attacks of its enemies.

Will H. Nays

Contributed by: Zaady

A Quote by Wilford Woodruff on age, caution, children, contentment, debt, economics, fashion, habits, hope, possessions, and wealth

We feel led to caution . . . against forming the bad habit of incurring debt and taking upon themselves obligations which frequently burden them heavier than they can bear, and lead to the loss of their homes and other possessions. We know it is the fashion of the age to use credit to the utmost limit. . . . We, therefore, repeat our counsel . . . to shun debt. Be content with moderate gains, and be not misled by illusory hopes of acquiring wealth. . . . Let our children also be taught habits of economy, and not to indulge in tastes which they cannot gratify without running into debt.

Wilford Woodruff (1807 - 1898)

Source: James R. Clark, Messages of the First Presidency, 3:144-45

Contributed by: Zaady

A Quote by Thomas J. Watson on death, debt, direction, effort, gratitude, humanity, legacy, opportunity, and spirit

A tribute, published October 22, 1931, to Thomas Alva Edison upon his death: THE passing of Thomas Alva Edison serves to direct our attention to the multitude of benefactions he bestowed upon all humanity during his many years of fruitful activity. It reminds us of the debt of gratitude we owe him as members of the human race. By his achievements, he laid the foundation for continued and greater development. His persistent efforts and indefatigable spirit multiplied many times the valuable opportunities for man, especially the young man. To each and every young man, Mr. Edison left a legacy of opportunities.

Thomas Watson (1874 - 1956)

Source: Thomas J. Watson in Men–Minutes–Money, a Collection of Excerpts from Talks . . .

Contributed by: Zaady

A Quote by Thomas Jefferson on debt, generations, principles, and world

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

Thomas Jefferson (1743 - 1826)

Contributed by: Zaady

A Quote by Thomas Jefferson on caring, choice, debt, economics, government, happiness, independence, labor, liberty, and people

I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.

Thomas Jefferson (1743 - 1826)

Contributed by: Zaady

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