Borrowing Quote by Ernest Hemingway
““It is usually impossible for a large body of people to support themselves indefinitely by borrowing money, although a few people enjoy a great success at it for a time.””
About This Quote
Source Essay: Economic Realities, The New Yorker, 1935
Large groups cannot sustain themselves by perpetual borrowing; occasional success is fleeting.
In simple terms: Borrowing cannot support massive groups long‑term.
Key Takeaway
Promote sustainable financial practices.
Themes
economics
sustainability
debt
Mood
analytical
cautious
Type
economic
practical
When to use this quote
- government budgeting
- business planning
- personal finance
Key Concepts
finance theory
social policy
Questions to Reflect On
- What alternatives to borrowing exist?
- How to transition from debt dependence?
A Different Perspective
Debt cycles can be hard to break.
![“When the fountains of government [borrowing] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to public works, then and then only did the Italians realize what it…” quote by John T. Flynn](https://sms4smile.com/quotes/img-quotes/908/john-t-flynn-18493_abundance_when-the-fountains-of-government-borrowi_2663.jpg)
