A Quote by John Kenneth Galbraith

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

John Kenneth Galbraith

Quote Topics

Another Become Crises Dangerously Debt Fashion Involved Means Out Payment Relation Scale Underlying

Quote Author

John Kenneth Galbraith
American - Economist
October 15, 1908 - April 29, 2006

Over the years, I've been involved in many business crises. I qualify this, since my crises have never involved life and death or the survival of the human race. But they are still crises.

Brad Feld

Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety.

Andrew Jackson

I go out and look for a good story to tell and if I like it enough and I decide to direct it, I become dangerously involved in becoming a part of that story.

Steven Spielberg

I'm not a fan of debt consolidation. In my experience, many people "clear" credit cards and other debt to get the one payment and never change what they need to change to prevent getting into debt again.

Michelle Singletary

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

Nassim Nicholas Taleb

You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a higher credit card payment. To our economy, it means business people will not borrow as much money, invest as much money, create as many new jobs, create as much wealth, raise as many raises.

William J. Clinton

I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.

Sergei Lavrov

The sex relation is not a personal relation. It can be irresistibly desired and rapturously consummated between persons who could not endure one another for a day in any other relation.

George Bernard Shaw

By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.

Karl Marx

It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

Warren Buffett

None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.

Bill Bonner

This country owes them all a debt of gratitude. The down payment on that debt is making sure that we live up to Lincoln's charge: to care for him who shall have borne the battle, and for his widow, and his orphan.

Dave Obey

I guess I just developed more of an interest to actually be a part of the design, picking out the fabric and just being more involved. I never really considered myself a fashion person, but then I just realized that fashion is just another way of self expression and that's pretty much what I'm most passionate about.

Jhene Aiko

I urge you to live within your means. One cannot spend more than one earns and remain solvent. I promise you that you will then be happier than you would be if you were constantly worrying about how to make the next payment on nonessential debt.

Thomas S. Monson

Rock has to absorb other rhythmic forms, because the underlying rhythm of music changes with fashion, and people like to move differently, and the underlying rhythms have to be the ones that people want to dance to.