--- title: "Meaning & Key Takeaway of: For society to function some kind of…" description: "\"For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate ..." image: "https://sms4smile.com/quotes/i/887/linda-mcquaig-38650_assets_for-society-to-function-some-kind-of-rea_2014580.png" --- # For society to function some kind of reasonable balance… ![“For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on…” quote by Linda McQuaig](https://sms4smile.com/quotes/i/887/linda-mcquaig-38650_assets_for-society-to-function-some-kind-of-rea_2014580.png) [Download](https://sms4smile.com/quotes/i/887/linda-mcquaig-38650_assets_for-society-to-function-some-kind-of-rea_2014580.png) [Open image](https://sms4smile.com/quotes/i/887/linda-mcquaig-38650_assets_for-society-to-function-some-kind-of-rea_2014580.png) > “For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on fighting inflation. In doing so it came down heavily in favour of those with financial assets to protect, and against those whose primary need was employment.” [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Balancing creditor and debtor interests is essential for societal stability, but focusing solely on inflation harms employment seekers. **In simple terms:** A fair economy needs both growth and price stability. Key Takeaway Consider both sides before policy decisions. Themes economics policy equity Mood concerned analytical Type policy economic commentary When to use this quote - Government budgeting - central bank decisions - employment negotiations - business investment - personal finance Key Concepts Monetary policy inflation targeting financial stability Questions to Reflect On - How can policy protect savers and workers alike? - What mechanisms ensure balanced outcomes? A Different Perspective Neglecting growth can lead to recession and social unrest. ★ ★ ★ ★ ★ No ratings yet [Balance](https://sms4smile.com/quotes/about/balance/) [Canada](https://sms4smile.com/quotes/about/canada/) [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Competing](https://sms4smile.com/quotes/about/competing/) [Creditors](https://sms4smile.com/quotes/about/creditors/) [Customer](https://sms4smile.com/quotes/about/customer/) [Debtors](https://sms4smile.com/quotes/about/debtors/) [Delicate Balance](https://sms4smile.com/quotes/about/delicate-balance/) [Employment](https://sms4smile.com/quotes/about/employment/) [Focus](https://sms4smile.com/quotes/about/focus/) [Growth](https://sms4smile.com/quotes/about/growth/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Interest](https://sms4smile.com/quotes/about/interest/) ## Related quotes > [There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving…](https://sms4smile.com/quotes/charles-l-evans/there-is-nobody-who-would-want-in-any-way-to-lose-what-paul-volcker/) [Charles L. 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But you…](https://sms4smile.com/quotes/colin-allred/as-a-member-of-congress-you-must-pay-the-utmost-attention-to-those/) [Colin Allred](https://sms4smile.com/quotes/author/colin-allred/) > [“navigate an office full of competing interests, clashing personalities, limited time and resources, and fragile egos.”](https://sms4smile.com/quotes/amy-gallo/navigate-an-office-full-of-competing-interests-clashing-personalities/) Amy Gallo ## More by Linda McQuaig > [A tight-money policy reinforces inequality in two ways. Its high interest rates disproportionately reward the rich, and the resulting unemployment disproportionately punishes the poor.](https://sms4smile.com/quotes/linda-mcquaig/a-tight-money-policy-reinforces-inequality-in-two-ways-its-high/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [“ Jeremy Bentham argued that 'even in the best of times the great mass of citizens will most probably possess few resources other than…](https://sms4smile.com/quotes/linda-mcquaig/jeremy-bentham-argued-that-even-in-the-best-of-times-the-great-mass/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [The absurdity of public-choice theory is captured by Nobel Prize-winning economist Amartya Sen in the following little scenario: "Can you direct me to the…](https://sms4smile.com/quotes/linda-mcquaig/the-absurdity-of-public-choice-theory-is-captured-by-nobel-prize/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [The statement, "The debt problem has become so extreme that we have no choice but to cut social spending" is presented as an objective…](https://sms4smile.com/quotes/linda-mcquaig/the-statement-the-debt-problem-has-become-so-extreme-that-we-have-no/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [The basic issue is whether the financial elite or the government on behalf of the people should have the profit from creating money.](https://sms4smile.com/quotes/linda-mcquaig/the-basic-issue-is-whether-the-financial-elite-or-the-government-on/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [Even before winning its majority, Harper's Republican-styl e Conservative party - well to the right Canada's traditional Progressive Conservative Party - managed to win…](https://sms4smile.com/quotes/linda-mcquaig/even-before-winning-its-majority-harper-s-republican-styl-e/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at…](https://sms4smile.com/quotes/linda-mcquaig/the-free-market-is-notorious-for-distributing-resources-in-a-highly/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [High interest rates focus on the revenue of a parasitic class.Historically the financial system has been structured in favour of moneyed interests, that is,…](https://sms4smile.com/quotes/linda-mcquaig/high-interest-rates-focus-on-the-revenue-of-a-parasitic-class/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [High interest rates focus on the revenue of a parasitic class.](https://sms4smile.com/quotes/linda-mcquaig/high-interest-rates-focus-on-the-revenue-of-a-parasitic-class-2/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) > [Anyone observing U.S. politics in recent years could easily conclude that lying about having sex is a serious offense worthy of impeachment, while lying…](https://sms4smile.com/quotes/linda-mcquaig/anyone-observing-u-s-politics-in-recent-years-could-easily-conclude/) [Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/) [Explore all 11 Linda McQuaig quotes ](https://sms4smile.com/quotes/author/linda-mcquaig/) ## More Assets quotes > [A great smile is a wonderful asset, but a good heart is pure gold.](https://sms4smile.com/quotes/dolly-parton/a-great-smile-is-a-wonderful-asset-but-a-good-heart-is-pure-gold/) [Dolly Parton](https://sms4smile.com/quotes/author/dolly-parton/) > [Most people put money in their piggy bank. 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