Quotes by Debt Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that's not permitted with student loans. So the effect is to impoverish many graduates with very high debts. Michael Hudson fresh-start debt wipe Stocks always go down much faster than they go up. That's why it's called a crash. People who put their money into the stocks will find, all of a sudden, that stock prices are no longer being supported by the debt leveraging that's been holding them up. Michael Hudson debt crash people The price decline is a result of having to pay debts. That drains income from the circular flow between production and consumption - that is, between what people are paid when they go to work, and the things that they buy. Michael Hudson debt income people As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt. Michael Hudson debt interest pay Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets. Michael Hudson shrinking debt writing Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky. Michael Lewis debt obligation luck For many of us gratitude to others comes with a sense of debt that can never be fully paid and therefore the things we are thankful for are never really ours. Michael Josephson debt being-thankful gratitude We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF basically is implying (and it was explicit regarding Greece), but its not spelling it out, because that's not what can be said in polite company. Michael Hudson debt writing way Throughout history, the only way of restoring stability is to write down the debts. That is treated now as if it's something that can't be done. But it's the only thing that's going to revive the economy. Michael Hudson debt done writing Repaying the debt of these ultimate sacrifices seems nearly impossible but we must try. Michael N. Castle debt sacrifice trying The disease of debt has reached the top. And once it reaches the top it has no-where else to go. Michael Portillo debt disease All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality. Michele Bachmann debt reality world We know intellectually that money can't buy happiness yet we spend and go into debt as if it does. Michelle Singletary money-cant-buy-happiness debt doe You'll feel better when you get all that debt off your back. Michelle Singletary debt feel-better feels I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so fast that even if it's at a higher interest rate, you don't end up paying much more because you've gotten rid of it. Michelle Singletary motivated debt progress I just don't like people taking debt into retirement. Michelle Singletary debt retirement people Many debt collectors offer a lump sum option so ask. And if you get it, make sure it's in writing and you keep the payoff statement FOREVER. Michelle Singletary debt forever writing I would be embarrassed to tell you how many folks ran saying that they weren't going to spend a bunch of money, they weren't going to raise the debt ceiling, and then they went to Washington, D.C., and did exactly that. Mick Mulvaney debt ceilings would-be If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it. Michelle Singletary debt enough want It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse. Mike Lee debt ceilings fiction «1920212223242526272829»
