Paul Krugman Quotes

Those have a short Lent who owe money to be paid at Easter.

In this business, if you don't pay your debts you're finished.

Capital is kind of a banking concept.

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest.

I don't owe one man one cent. Anywhere.

Debt, n. An ingenious substitute for the chain and whip of the slavedriver.

People paid their 3 percent a month interest without considering it excessive.

Not everyone is a debtor who wishes to be; not everyone who wishes makes creditors.

There is no class of people in the world, who have such good memories as creditors.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

I would borrow money all day long, if the cost of borrowing is less than the expected return.

The creditor hath a better memory than the debtor.

Wherefore when a man giveth out his money upon condition that be may not demand it back until a certain time to come, he certainly may take a compensation for this inconvenience which he admits against himself.

Debt is part of the human condition. Civilization is based on exchanges - on gifts, trades, loans - and the revenges and insults that come when they are not paid back.

It's not long-term debt if the money is immediately paid back.

When you owe money to people, you're always going to owe money to people, so you should take care of it as soon as possible. It doesn't go away just because you ignore it.

I went to the bank and asked to borrow a cup of money. They said, 'What for?' I said, 'I'm going to buy some sugar.'

If you lend money to any of my people that is poor by you, you shall not be a usurer to him, nor shall you lay upon him usury.

Whenever you borrow money, the people you borrow it from have leverage over you.

OWE, v. To have (and to hold) a debt. The word formerly signified not indebtedness, but possession; it meant "own," and in the minds of debtors there is still a good deal of confusion between assets and liabilities.

What is debt anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.

The United States economy is like a poker game where the chips have become concentrated in fewer and fewer hands, and where the other fellows can stay in the game only by borrowing. When their credit runs out the game will stop.

If there were no debts in our money system, there wouldn't be any money.

A man needs credit. Especially when he has no money.

If you want to know the value of money, try and borrow some.