Amount Quote by Frederick Soddy
“There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.”
About This Quote
Source Speech: Economic Commentary, 1930s, United Kingdom
The quote warns that continual borrowing from banks to fund national growth creates deepening debt and dependence.
In simple terms: Relying on debt for growth deepens dependence on banks.
Key Takeaway
Beware of excessive borrowing.
Themes
economics
debt
growth
government
banking
Mood
cautious
critical
Type
analytical
warning
When to use this quote
- national budgeting
- infrastructure projects
- public spending
- economic planning
Key Concepts
financial dependence
fiscal policy
monetary expansion
Questions to Reflect On
- How can a nation fund growth without increasing debt?
- What alternatives exist to bank financing?
A Different Perspective
Debt can become unsustainable and limit future flexibility.
![“[The human control of atomic energy could] virtually provide anyone who wanted it with a private sun of his own.” quote by Frederick Soddy](https://sms4smile.com/quotes/img-quotes/43e/frederick-soddy-16246_atomic-energy_the-human-control-of-atomic-energy-could_422373.jpg)
![“[The blame for the future 'plight of civilization] must rest on scientific men, equally with others, for being incapable of accepting the responsibility for the profound social upheavals which their own work primarily has brought about in human relationships.” quote by Frederick Soddy](https://sms4smile.com/quotes/img-quotes/0de/frederick-soddy-16246_acceptance_the-blame-for-the-future-plight-of-civil_627769.jpg)
