Quotes About Debtors

Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account.

let us not expect too much from our own hearts here below. At our best we shall find in ourselves daily cause for humiliation, and discover that we are needy debtors to mercy and grace every hour.

I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors.

From being the permanent militia of the Christian world, they had become the permanent bankers of Church and King. To have many debtors is to have many enemies.

Private investors traditionally had been obliged to take losses when debtors defaulted, but it became apparent that the U.S. Government was not about to relinquish its creditor hold on the Allies. This intransigence obliged them to keep tightening the screws on Germany.

Neither money nor credit is a factor of production. Debtors do the work to pay their creditors. This means that interest is not a "return to a factor of production." Little credit is used to expand production or capital investment. Most is to transfer asset ownership.

East thus avoided the economic polarization between creditors and debtors that ended up imposing bondage on most of classical antiquity.

Blackwell's Island, now Roosevelt Island, was a nineteenth-century hellhole that housed prisoners, debtors, and the insane.

The leaders of Jamestown had borrowed directly from the Roman model of slavery: abandoned children and debtors were made slaves.

leaders of Jamestown had borrowed directly from the Roman model of slavery: abandoned children and debtors were made slaves. When indentured adults sold their anticipated labor in return for passage to America, they instantly became debtors, which made their orphaned children a collateral asset.