A Quote by John L. Casti

The world is awash in more debt than there is money enough in the world to liquidate it. — © John L. Casti
The world is awash in more debt than there is money enough in the world to liquidate it.

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In a world awash in debt, power shifts to creditors.
Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.
He is a wise man who seeks by every legitimate means to make all the money he can honestly, for money can do so many worthwhile things in this world, not merely for one's self but for others. But he is an unmitigated fool who imagines for a moment that it is more important to make the money than to make it honestly. One of the advantages of possessing money is that it facilitates one's independence and mental attitude. The man head over heels in debt is more slave than independent.
Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.
We may end up with a world based more on equity than debt, or more on market debt instruments than bank intermediation; but how and why we get there is a mystery. Absent significant regulatory or tax changes, and a sharp transition could be disruptive.
At the beginning of World War II the U.S. had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war.
We owe more money than any Nation in the World, and we are LOWERING TAXES. When is the time to pay off a debt if it is not when you are doing well? You let a Politician return home from Washington and announce, 'Boys we lowered your taxes. We had to borrow the money to do it, but we did it.' Say, they would elect him for life.
I was happy because I made enough money to give to my parents. I made enough money to get married on. I made enough money to enjoy myself a little more than I would have if I didn't have enough money.
There's enough food in this world. There's enough housing in this world. There's enough shelter in this world. There's enough clothing in this world. There's enough teachers, there's enough universities for everybody's needs to be met, and the reasons they aren't is not because of lack of resources. It's because of distribution, and that's the politics of hate, which is why this is a movement against that. It's a politics of love.
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.
In Lebanon, there was an agreement not to liquidate Yasser Arafat. In principle, I'm sorry that we didn't liquidate him.
Since there is no orderly way to liquidate the federal debt, we must brace for a payment crisis.
It is only a short step from exaggerating what we can find in the world to exaggerating our power to remake the world. Expecting more novelty than there is, more greatness than there is, and more strangeness than there is, we imagine ourselves masters of a plastic universe. But a world we can shape to our will is a shapeless world.
Steve was among the greatest of American innovators - brave enough to think differently, bold enough to believe he could change the world, and talented enough to do it...The world has lost a visionary. And there may be no greater tribute to Steve's success than the fact that much of the world learned of his passing on a device he invented.
The world of 'Sherlock Holmes' and the world that we live in now is big enough to take more than one interpretation.
So far, the biggest regret I have in regards to the world of 'Red Queen' is that I didn't get to world-build enough. I don't think I did enough work explaining how the world came to be, and while I'm planning to go more into it, I'm a greedy writer, and I'm always going to wish I had more room to delve into the complexities of a fantasy realm.
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