Philosophy Quote by Gordon G. Chang

“Among borrowers there is a philosophy that “it’s better to repay late than repay early, and it’s better not to repay than to repay late.” China, in short, is in the process of creating a society “based on the repudiation of debt,” warns a prominent Beijing scholar.” quote by Gordon G. Chang — Download Open image

““Among borrowers there is a philosophy that “it’s better to repay late than repay early, and it’s better not to repay than to repay late.” China, in short, is in the process of creating a society “based on the repudiation of debt,” warns a prominent Beijing scholar.””

Gordon G. Chang

★ ★ ★ ★ ★ 3.1 out of 5 (10 ratings)

Philosophy

More by Gordon G. Chang

“in the words of jurist John Marshall of the U.S. Supreme Court, “the power to tax involves the power to destroy.”

Gordon G. Chang

Image

“Yet Zhongguancun pales when measured against India’s Bangalore, where government-sponsored development efforts started at about the same time. Today Bangalore produces original product, which…

Gordon G. Chang

Image

“the traditionally used ratios of deficit to GDP and total debt to GDP, as computed using the official numbers, grossly overstate how much more…

Gordon G. Chang

Image

“as long as our dreams outweigh our memories, America will be forever young”

Gordon G. Chang

Image

“China will make real progress in the fight against corruption only when prosecution and conviction are separated from politics.”

Gordon G. Chang

Image

“The students who surrendered the square on the morning of June 4 could not begin to imagine, in those sad days of 1989, that…

Gordon G. Chang

Image

“Consider these words from Lech Wałęsa: In the past, you could stand with a gun behind a man who had a pick and a…

Gordon G. Chang

Image

“Before laissez-faire there was wu wei. “Practise not doing and everything will fall into place,” says the Tao Te Ching, Taoism’s primer.”

Gordon G. Chang

Image

“at any given time about 30 percent of the stocks on China’s markets are being manipulated.”

Gordon G. Chang

Image

“Restraint, however, is the essence of modern governance. A government’s self-control permits its people to create, explore, and discover, and that’s what allows a…

Gordon G. Chang

Image

“Until the tide goes out you don’t know who’s swimming naked. —WARREN BUFFETT”

Gordon G. Chang

Image

“Communism went against life, against man’s fundamental needs, against the need for freedom, the need to be enterprising, to associate freely against the will…

Gordon G. Chang