“The old saying holds. Owe your banker £1000 and you are at his mercy; owe him £1 million and the position is reversed.”

"Overseas Financial Policy in Stage III" (unpublished memo distributed to the British Cabinet on 15 May 1945, in Collected Writings volume 24, p. 258).
If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
Variant reported in Time magazine, Monday, Feb. 17, 1947
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
As quoted in The Economist (13 February 1982), p. 11

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John Maynard Keynes 122
British economist 1883–1946

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