--- title: "Meaning & Key Takeaway of: No country can be complacent in making…" description: "\"No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everyt..." image: "https://sms4smile.com/quotes/i/9ef/nouriel-roubini-15217_complacent_no-country-can-be-complacent-in-making-s_489658.jpg" --- # No country can be complacent in making sure that excessive… ![“No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything is interconnected.” quote by Nouriel Roubini](https://sms4smile.com/quotes/i/9ef/nouriel-roubini-15217_complacent_no-country-can-be-complacent-in-making-s_489658.jpg) [Download](https://sms4smile.com/quotes/i/9ef/nouriel-roubini-15217_complacent_no-country-can-be-complacent-in-making-s_489658.jpg) [Open image](https://sms4smile.com/quotes/i/9ef/nouriel-roubini-15217_complacent_no-country-can-be-complacent-in-making-s_489658.jpg) > “No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything is interconnected.” [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Excessive household debt can destabilize the broader financial system because economies are tightly linked. **In simple terms:** Household debt threatens the whole economy. Key Takeaway Monitor and limit personal debt. Themes economics risk interconnectedness Mood cautious analytical Type warning analytical When to use this quote - personal budgeting - policy regulation - credit counseling - macro‑economic planning Key Concepts financial stability systemic risk leverage Questions to Reflect On - How does personal debt affect national financial health? - What policies can curb household over‑leveraging? A Different Perspective Even low‑level debt can accumulate into systemic danger if not addressed. ★ ★ ★ ★ ★ No ratings yet [Complacent](https://sms4smile.com/quotes/about/complacent/) [Country](https://sms4smile.com/quotes/about/country/) [Country Complacent](https://sms4smile.com/quotes/about/country-complacent-4193049/) [Create](https://sms4smile.com/quotes/about/create/) [Debt](https://sms4smile.com/quotes/about/debt/) [Debt Household](https://sms4smile.com/quotes/about/debt-household-1945362/) [Everything](https://sms4smile.com/quotes/about/everything/) [Excesses](https://sms4smile.com/quotes/about/excesses/) [Excessive](https://sms4smile.com/quotes/about/excessive/) [Excessive Debt](https://sms4smile.com/quotes/about/excessive-debt-4193047/) [Family](https://sms4smile.com/quotes/about/family/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial Interconnected](https://sms4smile.com/quotes/about/financial-interconnected-4193048/) [Financial system](https://sms4smile.com/quotes/about/financial-system/) [Household](https://sms4smile.com/quotes/about/household/) [Interconnected](https://sms4smile.com/quotes/about/interconnected/) [Making](https://sms4smile.com/quotes/about/making/) [No country](https://sms4smile.com/quotes/about/no-country/) [Sure](https://sms4smile.com/quotes/about/sure/) [System](https://sms4smile.com/quotes/about/system/) [Weaknesses](https://sms4smile.com/quotes/about/weaknesses/) [Weaknesses Financial](https://sms4smile.com/quotes/about/weaknesses-financial-4193050/) ## Related quotes > [The day I get a credit card with a negative real interest rate is the day we can compare government debt to household debt.](https://sms4smile.com/quotes/anonymous/the-day-i-get-a-credit-card-with-a-negative-real-interest-rate-is-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks,…](https://sms4smile.com/quotes/carmen-reinhart/if-there-is-one-common-theme-to-the-vast-range-of-crises-it-is-that/) [Carmen Reinhart](https://sms4smile.com/quotes/author/carmen-reinhart/) > [Some have been ensnared in the net of excessive debt. 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It's amazing - no country in the region or even in Asia can match Tunisia in education.](https://sms4smile.com/quotes/mo-ibrahim/literacy-in-tunisia-is-almost-100-it-s-amazing-no-country-in-the/) [Mo Ibrahim](https://sms4smile.com/quotes/author/mo-ibrahim/) > [There is no country in the world with nil crime.](https://sms4smile.com/quotes/j-jayalalithaa/there-is-no-country-in-the-world-with-nil-crime/) [J. Jayalalithaa](https://sms4smile.com/quotes/author/j-jayalalithaa/) > ['No Country for Old Men' was epic.](https://sms4smile.com/quotes/eric-fellner/no-country-for-old-men-was-epic/) [Eric Fellner](https://sms4smile.com/quotes/author/eric-fellner/) > [I know of no country in the world that has passed a law specifically denying a woman's right to choose where she intends to…](https://sms4smile.com/quotes/ina-may-gaskin/i-know-of-no-country-in-the-world-that-has-passed-a-law-specifically/) [Ina May Gaskin](https://sms4smile.com/quotes/author/ina-may-gaskin/) > [No country in Europe has a larger proportion of men and women of immigrant descent, mainly from the African continent and mainly Muslim: an…](https://sms4smile.com/quotes/timothy-garton-ash/no-country-in-europe-has-a-larger-proportion-of-men-and-women-of/) [Timothy Garton Ash](https://sms4smile.com/quotes/author/timothy-garton-ash/) > [What I find so interesting is, Herbert Hoover in August 1928 said no country in the world was closer to abolishing poverty than the…](https://sms4smile.com/quotes/robert-dallek/what-i-find-so-interesting-is-herbert-hoover-in-august-1928-said-no/) [Robert Dallek](https://sms4smile.com/quotes/author/robert-dallek/) > [No country by itself and in an isolated manner would ever be able to effectively address the challenges it faces.](https://sms4smile.com/quotes/hassan-rouhani/no-country-by-itself-and-in-an-isolated-manner-would-ever-be-able-to/) [Hassan Rouhani](https://sms4smile.com/quotes/author/hassan-rouhani/) > [I began with small roles in successful movies like 'No Country For Old Men' by the Coen brothers; but it was 'The Last Exorcism'…](https://sms4smile.com/quotes/caleb-landry-jones/i-began-with-small-roles-in-successful-movies-like-no-country-for-old/) [Caleb Landry Jones](https://sms4smile.com/quotes/author/caleb-landry-jones/) ## More by Nouriel Roubini > [I am not going to say I told you so, but I did.](https://sms4smile.com/quotes/nouriel-roubini/i-am-not-going-to-say-i-told-you-so-but-i-did/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and…](https://sms4smile.com/quotes/nouriel-roubini/the-economic-costs-the-financial-costs-the-job-losses-the-income/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Technology is spurring innovation, and the so-called "demographic dividend" has brought change.](https://sms4smile.com/quotes/nouriel-roubini/technology-is-spurring-innovation-and-the-so-called-demographic/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [What is important to me is that when I write something, people listen to me. 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I love Damien Hirst and Matthew Barney. I grew up in…](https://sms4smile.com/quotes/nouriel-roubini/i-love-and-collect-contemporary-art-and-go-to-all-the-art-fairs-i/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully…](https://sms4smile.com/quotes/nouriel-roubini/i-think-it-s-true-that-the-1-percent-or-the-elite-are-living-in-a/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Celebrity has become a burden. There are more demands on your time. People think it is glamorous to fly places. But it is not…](https://sms4smile.com/quotes/nouriel-roubini/celebrity-has-become-a-burden-there-are-more-demands-on-your-time/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.](https://sms4smile.com/quotes/nouriel-roubini/once-you-run-current-account-deficits-you-depend-on-the-kindness-of/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I am quite international. My background, born in Turkey. My family is a Jewish family from Iran, so I went from Turkey to Iran…](https://sms4smile.com/quotes/nouriel-roubini/i-am-quite-international-my-background-born-in-turkey-my-family-is-a/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [But in the financial markets, without proper institutional rules, there's the law of the jungle - because there's greed! There's nothing wrong with greed,…](https://sms4smile.com/quotes/nouriel-roubini/but-in-the-financial-markets-without-proper-institutional-rules-there/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [For me, geopolitical issues are becoming more important, because how can you understand economy if you don't understand geopolitics? People think economists just deal…](https://sms4smile.com/quotes/nouriel-roubini/for-me-geopolitical-issues-are-becoming-more-important-because-how/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I think globalization actually maintains and fosters various elements of national and cultural identities. I don't think everything is being homogenized. If anything, your…](https://sms4smile.com/quotes/nouriel-roubini/i-think-globalization-actually-maintains-and-fosters-various-elements/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [My family is a Jewish Iranian family, but I was born in Turkey and raised in Italy. So it's a very mixed background.](https://sms4smile.com/quotes/nouriel-roubini/my-family-is-a-jewish-iranian-family-but-i-was-born-in-turkey-and/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) [Explore all 43 Nouriel Roubini quotes ](https://sms4smile.com/quotes/author/nouriel-roubini/) ## More Complacent quotes > [I've never been one to stay in a complacent place where I just let the grass grow around me.](https://sms4smile.com/quotes/tracy-lawrence/i-ve-never-been-one-to-stay-in-a-complacent-place-where-i-just-let/) [Tracy Lawrence](https://sms4smile.com/quotes/author/tracy-lawrence/) > [The Qur'an does not ask for human perfection, but rather asks that we persevere in striving for self-improvement and that we never become complacent…](https://sms4smile.com/quotes/jeffrey-lang/the-qur-an-does-not-ask-for-human-perfection-but-rather-asks-that-we/) [Jeffrey Lang](https://sms4smile.com/quotes/author/jeffrey-lang/) > [We are not being arrogant or complacent when we are said that our country, as a united nation, has never in its entire history,…](https://sms4smile.com/quotes/thabo-mbeki/we-are-not-being-arrogant-or-complacent-when-we-are-said-that-our/) [Thabo Mbeki](https://sms4smile.com/quotes/author/thabo-mbeki/) > [Once you become complacent and once you're happy with your performance or whatever it is, I don't think you'll get better as quickly.](https://sms4smile.com/quotes/blake-griffin/once-you-become-complacent-and-once-you-re-happy-with-your/) [Blake Griffin](https://sms4smile.com/quotes/author/blake-griffin/) > [One needs to constantly read up, practice and work, irrespective of your profession. If I feel as an actor that I know everything, then…](https://sms4smile.com/quotes/sonam-kapoor/one-needs-to-constantly-read-up-practice-and-work-irrespective-of/) [Sonam Kapoor](https://sms4smile.com/quotes/author/sonam-kapoor/) > [“They are not brave, the days when we are twenty-one. They are full of little cowardices, little fears without foundation, and one is so…](https://sms4smile.com/quotes/daphne-du-maurier/they-are-not-brave-the-days-when-we-are-twenty-one-they-are-full-of/) [Daphne du Maurier](https://sms4smile.com/quotes/author/daphne-du-maurier/) > [I never thought I would get a National Award. For me, it was huge, and I got complacent.](https://sms4smile.com/quotes/dimple-kapadia/i-never-thought-i-would-get-a-national-award-for-me-it-was-huge-and-i/) [Dimple Kapadia](https://sms4smile.com/quotes/author/dimple-kapadia/) > [Are we like late Rome, infatuated with past glories, ruled by a complacent, greedy elite, and hopelessly powerless to respond to changing conditions?](https://sms4smile.com/quotes/camille-paglia/are-we-like-late-rome-infatuated-with-past-glories-ruled-by-a/) [Camille Paglia](https://sms4smile.com/quotes/author/camille-paglia/) > [You need to motivate yourself, no matter what-definitely when things are bad, but also when things are good. Or else, you risk becoming complacent.](https://sms4smile.com/quotes/viswanathan-anand/you-need-to-motivate-yourself-no-matter-what-definitely-when-things/) [Viswanathan Anand](https://sms4smile.com/quotes/author/viswanathan-anand/) > [The danger for any artist whose work is both recognizable and critically acclaimed is complacent repetition - the temptation to churn out easily identifiable,…](https://sms4smile.com/quotes/martin-filler/the-danger-for-any-artist-whose-work-is-both-recognizable-and/) [Martin Filler](https://sms4smile.com/quotes/author/martin-filler/) > [The future is itself a story, and predictions are stories we tell to amaze ourselves, to give hope to the desperate, to jolt the…](https://sms4smile.com/quotes/david-remnick/the-future-is-itself-a-story-and-predictions-are-stories-we-tell-to/) [David Remnick](https://sms4smile.com/quotes/author/david-remnick/) > [Africa is progressing but maybe not in the way you think it is. Even if the overall picture looks good, we must all remain…](https://sms4smile.com/quotes/mo-ibrahim/africa-is-progressing-but-maybe-not-in-the-way-you-think-it-is-even/) [Mo Ibrahim](https://sms4smile.com/quotes/author/mo-ibrahim/) > [The more I learnt about this cheeky - almost rebellious - company, the more it appealed to me, as it unapologetically pointed to an…](https://sms4smile.com/quotes/jonathan-ive/the-more-i-learnt-about-this-cheeky-almost-rebellious-company-the/) [Jonathan Ive](https://sms4smile.com/quotes/author/jonathan-ive/) > [A wise man knows; learn from others, never get complacent and know where the classic old dangers come from.](https://sms4smile.com/quotes/bear-grylls/a-wise-man-knows-learn-from-others-never-get-complacent-and-know/) [Bear Grylls](https://sms4smile.com/quotes/author/bear-grylls/) > [To me, to live is to fight. It's about persevering. It's about testing yourself. It's about not becoming complacent.](https://sms4smile.com/quotes/rashad-evans/to-me-to-live-is-to-fight-it-s-about-persevering-it-s-about-testing/) [Rashad Evans](https://sms4smile.com/quotes/author/rashad-evans/) [Browse all 308 Complacent quotes ](https://sms4smile.com/quotes/about/complacent/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. 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