#debt

The ruling passion of the age is to convert wealth into debt in order to derive a permanent future income from it - to convert wealth that perishes into debt that endures, debt that does not rot, costs nothing to maintain, and brings in perennial interest. ↗

— Frederick Soddy

#entropy #interest #money #wealth #age

Debt is a four letter word and means a four word sentence - Be Prepared for Trouble. ↗

— Lucas Remmerswaal

#debt #money-talks #money

If we had fooled her last night, I would have considered my life at a satisfactory end, with all debts paid. I would have wound up on skid row, or maybe I would have been a suicide." He shrugged and smiled sadly. "Now," he said, "if I'm ever going to square things with her, I've got to believe in a Heaven, I've got to believe she can look down and see me, and I've got to be a big success for her to see ↗

— Kurt Vonnegut

#debt #death

The difference between the past and the present is that individual freedom and security no longer fall to be protected solely through the D vehicle of common-law maxims and presumptions which may be altered or repealed by statute, but are now protected by entrenched constitutional provisions which neither the Legislature nor the Executive may abridge. It would accordingly be improper for us to hold constitutional a system which, as Sachs J has noted, confers on creditors the power to consign the person of an impecunious debtor to prison at will and without the interposition at the crucial time of a judicial officer. ↗

— Pius Langa

#common-law #constitution-of-south-africa #constitutional-law #credit #debt

What does jealousy indicate? Jealousy is love manifested in the physical world. If you are jealous you have a debt to pay; if someone is jealous of you, he has a debt to pay to you. ↗

— Peter Deunov

#jealousy #love #jealousy

If you commit to giving more time than you have to spend, you will constantly be running from time debt collectors. ↗

— Elizabeth Grace Saunders

#commitments #debt #peace #productivity #time-debt

There are some debts that can't be paid with money. ↗

— Steven J. Carroll

#guilt #life #money #responsibility #wisdom

Human beings owe a debt of love to one another because there is no other method of paying the debt of love and care which all of us owe to providence. ↗

— Nathaniel Hawthorne

#love

The Sikh gave him the money. When Menon asked for his address so that he could repay the man, the Sikh said that Menon owed the debt to any stranger who came to him in need, as long as he lived. The help came from a stranger and was to be repaid to a stranger. ↗

— Robert Fulghum

#debt #noblesse-oblige #repay #stranger #money

In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist. ↗

— David Graeber

#debt #england #money #money