Credit System Quotes

#1. In Chicago and across the country, whites looking to achieve the American dream could rely on a legitimate credit system backed by the government. Blacks were herded into the sights of unscrupulous lenders who took them for money and for sport.

Ta-Nehisi Coates

#2. Each economy relies on the credit system, that is, on the erroneous assumption that the other will pay back money pumped.

Kurt Tucholsky

#3. The farmers in Kansas are sorely in need of a credit system meeting their special requirements, that they may more readily obtain money on short or long time for their farming operations, or that they may become owners of farms.

Arthur Capper

#4. The credit system has encircled this beautiful globe of ours like a serpent's coil, and if we do not mind, it bids fair to crush us out of breath.

Mahatma Gandhi

#5. Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.

William James

#6. The Christians say, that among the ancient Jews, if you committed a crime you had to kill a sheep. Now they say 'charge it.' 'Put it on the slate.' The Savior will pay it. In this way, rascality is sold on credit, and the credit system in morals, as in business, breeds extravagance.

Robert Green Ingersoll

#7. Even the God of the New Testament is not as forgiving as the consumer credit system.

Neal Stephenson

#8. To attempt to enumerate the complicated variety of mischiefs in the whole system of the social economy, which proceed from a neglect of the maxims that uphold public credit, and justify the solicitude manifested by the House on this point, would be an improper intrusion on their time and patience.

Alexander Hamilton

#9. [Credit is a system whereby] a person who can't pay, gets another person who can't pay, to guarantee that he can pay.

Charles Dickens

#10. You can't raise kids alone, you can't heal alone ... you really need a community.

Bryce Dallas Howard

#11. country devoid of natural resources, but which enjoys peace, a fair judicial system and a free government is likely to receive a high credit rating. As such, it may be able to raise enough cheap capital to support a good education system and foster a flourishing high-tech industry. The

Yuval Noah Harari

#12. If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.

Adair Turner

#13. I worked offshore as an oil worker for a couple of years.

Richard Linklater

#14. Her biggest nightmare had finally come true, and there was not a single thing that she could do about it.

Maddy Lanslots

#15. One would think that a system loaded with such gross and vulgar absurdities as Scripture religion is could never have obtained credit; yet we have seen what priestcraft and fanaticism can do, and credulity believe.

Thomas Paine

#16. It's become clear (to me, at least) that the entire credit card system in the United States is currently set up so that any one party to a transaction can reliably transfer the blame for an incident, dispute, or fraud to another party. The

Brian Krebs

#17. Central banking has become the new central planning. Under the old central planning, government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit.

Anonymous

#18. Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted.

Mario Draghi

#19. If you want to solve a big problem, you need to go from taking credit, to sharing credit, to multiplying credit. The systems that all work, multiply credit. Multiplying credit is just another way of making everyone in the system feel ownership. And the byproduct is both resilience and propulsion.

Thomas L. Friedman

#20. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

Ron Paul

#21. The influenza epidemic eventually claimed more than six million lives, but in the United States, at least, it had run its course by late in the year.

Dean Jensen

#22. The credit reporting system suffers from inaccuracy and often from outright injustice.

Eric Schneiderman

#23. If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.

Manmohan Singh

#24. When you discover your own self, you will see that same infinite potential in your lover's eyes.

Vironika Tugaleva

#25. The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.

Louis O. Kelso

#26. It is entirely possible to build the elements of the new system molecularly within the old. In the cooperatives, the credit unions, the peer-networks, the unmanaged enterprises and the parallel, subcultural economies, these elements already exist

Paul Mason

#27. Short stories are fiction's R & D department, and failed or less-than-conclusive experiments are not just to be expected but to be hoped for.

Walter Kirn

#28. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

Ludwig Von Mises

#29. The no-mind not-thinks no-thoughts about no-things.

Gautama Buddha

#30. An education system where student selection is based on credit capacity and not merit capacity and where graduating students are no longer indebted to the nation, but increasingly indebted to the Australian Taxation Office - that's no way to improve the quality of education.

Gough Whitlam

#31. I say all the time I think there should be some courses in the regular schooling system that isn't, even like about credit, things that matter later in life. I learned the harder way: 'Look, I got a $500 credit card in the mail, let's go shopping!'

Khloe Kardashian

#32. I want to see a new system. I believe that the credit scoring system is broken. That's my belief.

Suze Orman

#33. Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States

Barry M. Goldwater

#34. The security of the United States, which is so dependent on having accurate and timely intelligence, is not a Republican or a Democratic issue.

Saxby Chambliss

#35. It is a queer world and fantastic world. Why can't people have what they want?

Ford Madox Ford

#36. Where there is not discernment, the behavior even of the purest soul may in effect amount to coarseness.

Henry David Thoreau

#37. The best way for the Government to maintain its credit is to pay as it goes-not by resorting to loans, but by keeping out of debt-through an adequate income secured by a system of taxation, external or internal, or both.

William McKinley

#38. A little praise goes a great ways.

Ralph Waldo Emerson

#39. For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.'s - I didn't see any of that coming until it happened.

Janet Yellen