Thomas Friedman Quotes


There are two superpowers in the world today in my opinion. There’s the United States and there’s Moody’s Bond Rating Service. The United States can destroy you by dropping bombs and Moody’s can destroy you by downgrading your bonds. And believe me, it’s not clear sometimes who’s the more powerful.


Context

If Moody’s downgrades a nation’s bonds, that country will have to pay much more for the money it borrows or the bonds it issues at best. At worst, the country will not be able to borrow any money. Almost all governments have to borrow short term and long term money to cope with cash flow from tax cycles and for many large capital expenditures.


Citations

Thomas Friedman, Foreign Affairs Columnist & Journalist 1996

Sourced by: Eigen's Political and Historical Quotations

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Thomas Friedman
Thomas Friedman
  • Born: July 20, 1953
  • Nationality: American
  • Profession: Author, Columnist

Thomas Loren Friedman is an American political commentator and author. He is a three-time Pulitzer Prize winner who is a weekly columnist for The New York Times. He has written extensively on foreign affairs, global trade, the Middle East, globalization, and environmental issues.