A Quote by Doug Casey

People who buy government debt deserve to be punished and taught a lesson

Doug Casey

Quote Topics

Buy Debt Deserve Government Government Debt Lesson People Punished Taught

Quote Author

Doug Casey
American - Novelist

One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.

Abdul Aziz Al Ghurair

The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ... debt which the American people are obliged to pay with interest.

Wright Patman

Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

Grant Cardone

The lessons of paternalism ought to be unlearned and the better lesson taught that while the people should patriotically and cheerfully support their government, its functions do not include the support of the people.

Grover Cleveland

The biggest debt is always the government debt; it's always debt that government has run up on your behalf.

Margaret Atwood

All the central banks are doing is substituting one form of debt with another form of debt. They're issuing short term debt and using it to buy long term debt. In finance, we tend to think that's a neutral activity, even though those stimulus programs are huge.

Eugene Fama

All violence is the result of people tricking themselves into believing that their pain derives from other people and that consequently those people deserve to be punished.

Marshall B. Rosenberg

If programmers deserve to be rewarded for creating innovative programs, by the same token they deserve to be punished if they restrict the use of these programs.

Richard Stallman

Once kids get older, the list is longer. So here goes: Stay out of debt. Sometimes debt is necessary, to buy a home or to get an education, but not to buy a sweater or to eat out.

Elizabeth Warren

With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.

Bill Gross

Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

Grant Cardone

The idea that debt is necessary for trade, and has to be forgiven, is consequent to the rise of a market economy. The idea that debt is wrong and should be punished is a feature of a moral economy.

Jill Lepore

Any politician that says no tax revenue or zero spending cuts does not deserve reelection. Our hole is so deep in this country with the debt and the debt service, the interest on that debt, before the big expenses come for Social Security and Medicare - for we baby boomers in a few years - that everything has to be on the table.

Douglas R. Oberhelman

What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.

James Chanos

In so many ways, my soccer career taught me about seeing the value of all people, whether or not society sees it first. Relationships with people who are perceived to be 'different' have taught me the same lesson.