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

There ain't any answer, there ain't going to be any answer, there never has been any answer, that’s the answer.

Gertrude Stein

More information about this quote
Topic
Meaning of life

Author

Gertrude Stein
Source
Brewsie and Willie
Language
English
Time
1946 1940s 20th century
Authentication Score 3
Citation

Stein, Gertrude. Brewsie and Willie. Random House, 1946, ch. 5.

Another quote from 1945

At first it was a giant column that soon took the shape of a supramundane mushroom.

William L. Laurence

The New York Times

More information about this quote
Topic
Nuclear weapons

Author

William L. Laurence
Source
The New York Times
Medium
Newspaper
Language
English
Time
1945 1940s 20th century
Authentication Score 3
Citation

Laurence, William L. "Drama of the Atomic Bomb Found Climax in July 16 Test; Drama of the Atomic Bomb Found Climax in New Mexico Test Caravan of Scientists by Night Directions for Observers' Safety Roar Reverberations Over Desert." The New York Times, 26 Sept. 1945.

Another quote of the following type Paradox

He who binds to himself a joy
Does the winged life destroy;
But he who kisses the joy as it flies
Lives in eternity's sunrise.

William Blake

More information about this quote
Topic
Letting go

Author

William Blake
Medium
Poem
Statement Type
Paradox
Language
English
Time
1792 1790s 18th century
Authentication Score 3
Original Citation

Blake, William. Poem written in his notebook. c. 1792.

Current Citation

Blake, William. "Eternity." William Blake: Selected Poems, edited by Nicholas Shrimpton. Oxford University Press, 2019.