Debtors And Creditors Quotes & Sayings

relationships between debtors and creditors brokered or 'intermediated' by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management. — Niall Ferguson

Moreover, an archetype exists in the nation's consciousness that connects student loan debt with irresponsibility. This is a result of well-publicized accounts of loan defaults in decades past in which students took out loans with no intention of ever paying them back and simply filed for bankruptcy after graduation. This perception was sufficiently strong that in the 1970s, Congress was convinced to remove bankruptcy protections from student loans. However, according to a March 2007 paper by John A. E. Pottow of the University of Michigan, this perception had a fatal flaw: "The fatal problem is that there are no empirical data to buttress the myth that students defraud creditors any more than other debtors."1 In fact, it was shown that when student loans were dischargeable in bankruptcy, there was a less than 1 percent bankruptcy rate among student debtors.2 Nevertheless, this misconception has been so often repeated that it is now indelibly etched in the public's mind. — Alan Collinge

This figure shows the cash flows in a world with only two people. I labeled them creditor and debtor. In reality, there are many creditors and debtors (see text for details). It also explains why the "rich get richer" and why those who are in debt and work for a living never seem to "get ahead. — Jacob Lund Fisker

Nothing can have value without being an object of utility. — Karl Marx

Not everyone is a debtor who wishes to be; not everyone who wishes makes creditors. — Francois Rabelais

[T]he most common and durable source of factions has been the various and unequal distribution of property. Those who hold and those who are without property have ever formed distinct interests in society. Those who are creditors, and those who are debtors, fall under a like discrimination. A landed interest, a manufacturing interest, a mercantile interest, a moneyed interest, with many lesser interests, grow up of necessity in civilized nations, and divide them into different classes, actuated by different sentiments and views. — James Madison

Life wears us down. We all die here. Depending upon the way you expose yourself to energies and powers and forces will determine whether you have a lot of energy or you lose energy. — Frederick Lenz

Lip-chewed debtors rich in excuses; heard-it-all creditors tightening nooses; prisoners haunted by happier lives and ageing rakes by other men's wives; skeletal tutors goaded to fits; firemen-turned-looters when occasion permits; tongue-tied witnesses; purchased judges; mothers-in-law nurturing briars and grudges; apothecaries grinding powders with mortars; palanquins carrying not-yet-wed daughters; silent nuns; nine-year-old whores; the once-were-beautiful gnawed by sores; — David Mitchell

Ah, fortune and fame shall follow me ... and I shall dwell in the world of the chosen for a few moments of fleeting ecstasy; ere the seven burly lads turn into creditors and hustle me off to debtors' prison at last. — Hunter S. Thompson

The question is not "Will God grant you a do-over?" The Bible promises, "If we confess our sins, he is faithful and just and will forgive us our sins and purify us from all unrighteousness" (1 John 1:9). God is anxious to give you a do-over; the question is whether you're willing to reach out and ask for one. — Lee Strobel

The aim of New Deals is to exterminate the class of creditors and thrust all men into that of debtors. It is like trying to breedcattle with all cows and no bulls. — H.L. Mencken

In solitude we don't reject the world but have the space to think our thoughts. — Sherry Turkle

All the creditors must appear in the ledger at the right hand side, and all the debtors at the left. All entries made in the ledger have to be double entries - that is, if you make one creditor, you must make someone debtor — Luca Pacioli

There are many who say more than the truth on some occasions, and balance the account with their consciences by saying less than the truth on others. But the fact is that they are in both instances as fraudulant as he would be that exacted more than his due from his debtors, and paid less than their due to his creditors. — Charles Caleb Colton

The bread which you hold back belongs to the hungry; the coat, which you guard in your locked storage-chests, belongs to the naked; the footwear mouldering in your closet belongs to those without shoes. The silver that you keep hidden in a safe place belongs to the one in need. Thus, however many are those whom you could have provided for, so many are those whom you wrong. — Basil The Great

As to the rout that is made about people who are ruined by extravagance, it is no matter to the nation that some individuals suffer. When so much general productive exertion is the consequence of luxury, the nation does not care though there are debtors; nay, they would not care though their creditors were there too. — Samuel Johnson

Creditors have better memories than debtors. — Benjamin Franklin

Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties. — John Turner

When debtors once have borrowed all we have to lend, they are very apt to grow shy of their creditors' company. — John Vanbrugh

Until 1869, when they were banned, debtors' prisons were the great incinerators of British reputations. Those who were unable to pay their bills were jailed until their creditors were paid - an unlikely event, given that the prisoner was unable to work. — Tina Brown

There are certain things that we cannot understand, like why we pray five times a day, for example. But the fact that we choose to pray is understandable. — Tariq Ramadan

What I mean by living to one's self is living in the world, as in it, not of it. — William Hazlitt

Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look around. — Johann Wolfgang Von Goethe

As these debts become due, rich creditors will be pitted against poor debtors; private-sector taxpayers against public-sector workers, young workers against the retired, domestic voters against foreign bondholders. It is impossible to forecast who will win each of these battles but one thing seems certain: not all these debts will be paid in full. — Philip Coggan

Then he looked at a car. It was odd how soon one got used to cars without horses, he thought. They used to look ridiculous. — Virginia Woolf

[I]f you happen to have any money, lock it up quickly; if you happen to have any jewels, hide them directly; if you happen to have any debtors, make them pay you, or any creditors, don't pay them. — Alexandre Dumas

Few indeed are those who get a choice. We do as we are told. We stand or fall beside those who were born near to us, who look as we do, who speak the same words, and all the while we know as little of the reasons why as does the dust we return to. — Joe Abercrombie

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off. — Michael Hudson

For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on fighting inflation. In doing so it came down heavily in favour of those with financial assets to protect, and against those whose primary need was employment. — Linda McQuaig

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult. — Ludwig Von Mises

The class-struggles of the ancient world took the form chiefly of a contest between debtors and creditors, which in Rome ended in the ruin of the plebeian debtors. They were displaced by slaves. In the middle ages the contest ended with the ruin of the feudal debtors, who lost their political power together with the economic basis on which it was established. Nevertheless, the money relation of debtor and creditor that existed at these two periods reflected only the deeper-lying antagonism between the general economic conditions of existence of the classes in question. — Karl Marx

I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors. — Marcus Tullius Cicero

IMF is really designed to protect creditors not debtors. — David Graeber

If people work together, if they can keep a cooperative spirit and use their ingenuity and balance it all with good humor and good will, then there's nothing to be afraid of. That's the sappy part of it, ... On the other hand, every Halloween for many years when my kids were trick-or-treating I would put on my 'Ghostbusters' jumpsuit with a police flashlight to protect all the kids from ghosts. — Harold Ramis