Behavior Quote by Joseph Stiglitz

“British kings could not repudiate national debts-and this in turn made Britain a more attractive country for lenders.71”

— Thomas Sowell

There's an argument that private debt, in some way, is creating indentured servants in our country. But public debt does not do that. In…

— Sam Seder

Waiving debts corrupts the credit culture.

— Arundhati Bhattacharya

The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of…

— Alexander Hamilton

“A return to classical bank policy would deem loans fraudulent and annul debts when creditors do not lend with any reasonable calculation of how the…

— Michael Hudson

“private loans will utilize existing resources and capital far better than government loans. Government loans will waste far more capital and resources than private…

— Henry Hazlitt

The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own.

— John Adams

It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income…

— Warren Buffett

Income is sucked upward to the creditors, who then foreclose on the assets of debtors. This shrinks tax revenue, forcing public budgets into deficit.…

— Michael Hudson

It is of the greatest consequence that the debt should, with the consent of the creditors, be remoulded into such a shape as will…

— Alexander Hamilton

“Lending dollars to the U.S. government is essentially riskless because the U.S. government can always pay such debts. If necessary, the Federal Reserve can…

— Anat Admati

Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to…

— Franklin D. Roosevelt