A Quote by Michael J. Knowles

If debtors can reasonably expect that the government will swoop in from time to time to bail them out, no one has any incentive to pay his debts.

Michael J. Knowles

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Any Bail Debtors Debts Expect From Time To Time Government His Incentive Out Pay Reasonably Them Time Will

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Michael J. Knowles
American - Author
Born: March 18, 1990

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

We want the accursed foreclosure system wiped out.... We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.

Mary Elizabeth Lease

The government, of course, will print money to bail out the banks' uncovered casino bets, but not to bail out the elderly from the theft of their funds.

Paul Craig Roberts

The round of a passionate man's life is in contracting debts in his passion, which his virtue obliges him to pay. He spends his time in outrage and acknowledgment, injury and reparation.

Samuel Johnson

We have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.

Paul Hawken

've had good friends who got married after they've been together for years and they've said that it was the "next step" for them. Or, they've said, "You just can't bail out anymore." And I've wondered, What made you think you could just bail out before [the wedding]? You don't invest that kind of time and energy with somebody and then just go, "All right, see you later."

Charlize Theron

Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.

Michael Hudson

Should slavery be abolished there, (and it is an event, which, from these circumstances, we may reasonably expect to be produced in time) let it be remembered, that the Quakers will have had the merit of its abolition.

Thomas Clarkson

The U.S. is becoming an increasingly fatherless society. A generation ago, an American child could reasonably expect to grow up with his or her father. Today an American child can reasonably expect not to. Fatherlessness is now approaching a rough parity with fatherhood as a defining feature of American childhood.

David Blankenhorn

Taking privacy cues from the federal government is - to say the least - ironic, considering today's Orwellian level of surveillance. At virtually any given time outside of one's own home, an American citizen can reasonably assume his movements and actions are being monitored by something, by somebody, somewhere.

Bob Barr

The great common people of this country are slaves, and monopoly is the master. . . . The politicians said we suffered from overproduction. Overproduction, when 10,000 little children, so statistics tell us, starve to death every year in the United States. . . . We will stand by our homes and stay by our fireside by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.

Mary Elizabeth Lease

Do you work for the government, any government?” "I pay taxes, which means I work for the government, part of the time. Yes.

Roger Zelazny

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

I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.

Bernie Sanders

You are as crooked as a bank robber if you do not pay your debts on time.

Jack Hyles

I was on stage and I was like I will pay someone to do my time, not only will I expect NOT to be paid, but I will pay someone if I can run off stage right now. It was so bad.

Julia Sweeney

A Quote by Michael J. Knowles

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