Bankers Quote by John Maynard Keynes
“If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy.”
About This Quote
Source Book: The General Theory of Employment, Interest and Money, 1936
Borrowing creates a power dynamic; the larger the debt, the more the creditor controls the debtor.
In simple terms: Debt shifts power to lenders.
Key Takeaway
Be cautious with large debts.
Themes
finance
power
dependency
Mood
cautious
analytical
Type
advice
economic
When to use this quote
- personal loans
- business financing
- government debt
Key Concepts
economic leverage
risk management
Questions to Reflect On
- What safeguards can protect borrowers?
- How can lenders act responsibly?
A Different Perspective
Lenders can also be vulnerable to borrower defaults.
![“What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/f15/rush-limbaugh-28_bankers_what-i-think-is-bugging-this-guy-steven_28590.jpg)
