Owe your banker 1,000 and you are at his mercy; owe him 1 million and the position is reversed.

John Maynard Keynes

More information about this quote

Topic

Debt Finance

Author

John Maynard Keynes

Statement Type

Paradox

Language

English

Time

1945 1940s 20th century

Occupation

Economist Writer

From

United Kingdom Europe

Authentication Score 1

Original Citation

Keynes, John Maynard. Memo circulated to British War Cabinet. 15 May 1945.

Current Citation

Keynes, John Maynard. "Overseas Financial Policy in Stage III (1945)." The Essential Keynes. Penguin, edited by Robert Skidelsky, 2016.

Illustrated Quote

A quote by John Maynard Keynes about debt: “Owe your banker 1,000 and you are at his mercy; owe him 1 million…”
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A quote by John Maynard Keynes about debt: “Owe your banker 1,000 and you are at his mercy; owe him 1 million…”
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A quote by John Maynard Keynes about debt: “Owe your banker 1,000 and you are at his mercy; owe him 1 million…”
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Related Quotes

Below are one or more quotes that share at least one tag with the quote at the top of the page

Another quote from the 1940s

It's a wonder I haven't abandoned all my ideals. They seem so absurd and impractical. Yet I cling to them because I still believe, in spite of everything, that people are truly good at heart.

Anne Frank

The Diary of a Young Girl

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More information about this quote
Topic
Idealism Optimism Human nature

Author

Anne Frank
Source
The Diary of a Young Girl
Medium
Personal journal
Language
Dutch
Time
1944 1940s 20th century
Authentication Score 2
Citation

Frank, Anne. Journal entry. 15 July 1944.

Another quote from 1945

The enemy has begun to employ a new and most cruel bomb, the power of which to do damage is indeed incalculable, taking the toll of many innocent lives. Should we continue to fight, it would not only result in an ultimate collapse and obliteration of the Japanese nation, but also it would lead to the total extinction of human civilization. Such being the case, how are we to save the millions of our subjects, or to atone ourselves before the hallowed spirits of our imperial ancestors?... It is according to the dictate of time and fate that we have resolved to pave the way for a grand peace for all the generations to come by enduring the unavoidable and suffering what is insufferable.

Emperor Hirohito

More information about this quote
Topic
Nuclear weapons World War II
Speaker
Emperor Hirohito
Medium
Radio broadcast Speech
Genre
Political speech
Language
Japanese
Time
1945 1940s 20th century
Authentication Score 1
Citation

Emperor Hirohito. The Jewel Voice. 15 Aug. 1945, Imperial Palace, Tokyo, Japan. Broadcast.

Another quote of the following type Paradox

Let a man once overcome his selfish terror at his own finitude, and his finitude is, in one sense, overcome.

George Santayana

Introduction to Spinoza's Ethics

More information about this quote
Topic
Overcoming fear

Author

George Santayana
Source
Introduction to Spinoza's Ethics
Medium
Essay
Genre
Philosophical literature
Statement Type
Paradox
Language
English
Time
1910 1910s 20th century
Authentication Score 3
Citation

Santayana, George. Introduction. Ethics, by Spinoza, translated by A. Boyle. Everyman's Library, 1910, introduction.