As on the one hand, the necessity for borrowing in particular emergencies cannot be doubted, so on the other, it is equally evident that to be able to borrow upon good terms, it is essential that the credit of a nation should be well established.
I did not forsee a day where the government had to intervene to bail out basically everybody.
When the government runs out of lenders, it can do something that households are forbidden to do: print money.
The Depression has caused an emergency more serious than war.
In a great financial emergency nearly every country has, at one time or another, been tempted to confuse the monetary with the fiscal functions of the Treasury. To borrow by the issue of money seems to have a seductive charm hard to resist.
I never really drove a cab, but I do have a hack license in case of emergencies - like no money.
In times of crisis, cash is king.
I cannot separate the finances of India from those of England. If the finances of the Indian Government receive any severe and irreparable check, will not the resources of England be called upon to meet the emergency, and to supply the deficiency?
Barack Obama is facing a financial emergency on a grander scale. Yet his approach has been to engage in one of the biggest peacetime spending binges in American history.
The emergency we now face is economic. New laws are not enough.
If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do.
