International Debt Quotes
Debts accumulated by the allies in World War I was still outstanding a decade later. When it was proposed that the United States help reduce this debt, President Coolidge remarked:
At that point in time the world price of oil, Russia’s major revenue source, had declined to half of what it was last year. Many American’s gloated. Freidman urged caution.
This was a very funny play on who was to pay whom. England owed the U. S. considerable money from WWI.