A Quote by Glenn Reynolds

Things that can't go on forever, won't. Debts that can't be paid, won't be.

Glenn Reynolds

Quote Topics

Debts Forever Go Paid Things

Quote Author

Glenn Reynolds
American - Professor
Born: August 27, 1960

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

In Heaven, there are no debts - all have been paid, one way or another - but in Hell there's nothing but debts, and a great deal of payment is exacted, though you can't ever get all paid up. You have to pay, and pay, and keep on paying. So Hell is like an infernal maxed-out credit card that multiplies the charges endlessly.

Margaret Atwood

We do not want Ukraine to default. On the contrary, we need an economically viable partner. However, debts should be paid, and this includes state and commercial debts

Dmitry Medvedev

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

When debts are not paid because they cannot be paid, the best thing to do is not talk about them, and shuffle the cards again.

Camilo Jose Cela

Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.

Noreena Hertz

Most of these charges that people pay are economically unnecessary. There's no real cost behind them. There's no real value behind them. So, they're what the classical economist called empty pricing. Prices with no real cost value. What they called rent and fictitious capital. Capital claims on junk mortgage borrowers. The pretense is that all these debts can be paid but it's all fictitious, because everybody knows - at least on Wall Street everybody knows - that many debts can't be paid.

Michael Hudson

What I'm most proud of is that I paid off all the debts of my household.

Ji Chang-wook

I just want to be remembered as somebody who paid his debts.

Roger Moore

No generation has a right to contract debts greater than can be paid off during the course of its own existence.

Thomas Jefferson

The earth belongs to the living. No man can, by natural right, oblige the lands he occupied or the persons who succeed him in that occupation, to the payment of debts contracted by him. For if he could, he might, during his own life, eat up the use of the lands for several generations to come, and then the lands would belong to the dead, and not to the living. No generation can contract debts greater than may be paid during the course of its own existence.

Thomas Jefferson

I am open to conviction on all points except dinner and debts. I hold that the one must be eaten and the other paid.

George Eliot

I'd decided that the day I paid off all my debts, I would get married. Exactly two months later, I got hitched.

Sajid Nadiadwala

The mistakes we make as investors is when the market's going up, we think it's going to go up forever. When the market goes down, we think it's going to go down forever. Neither of those things actually happen. Doesn't do anything forever. It's by the moment.

John C. Bogle

Countries that need monies so that they can provide health care and education and shelter to their people shouldn't have to repay debts that we knowingly lent to bad regimes long since gone; and all illegitimate debts - debts lent to these terrible dictators like Saddam Hussein, like Suharto, like Marcos - must also be canceled.

Noreena Hertz

The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.