Nicholas Barr (1943) British economist
Source: Economics Of The Welfare State (Fourth Edition), Chapter 14, Higher Education, p. 323
“Borrowing to build factories is not the economic equivalent of borrowing to buy television sets, and it’s amazing just how few modern economists can see the difference…Borrowing to produce is the way poor countries become rich. Borrowing to consume is the way rich countries become poor. A vivid example of the latter is the stream of container ships unloading at U. S. ports and going back empty because we have nothing to ship.”
Quotes from Crash Proof (2006)
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Peter D. Schiff40
American entrepreneur, economist and author 1963Related quotes
Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 6, The lawyers get involved, p. 134
“Modern economics and the welfare state borrowed heavily on the future.”
Gregory Benford book Timescape
Source: Timescape (1980), Chapter 43 (p. 445)
Stephen Hawking (1942–2018) British theoretical physicist, cosmologist, and author
The Beginning of Time (1996)
“Stale is stale and borrowed is borrowed, no matter how original your models may have been.”
Robert Silverberg (1935) American speculative fiction writer and editor
Introduction to New Dimensions 1, edited by Robert Silverberg
“But borrowing strength builds weakness.”
Stephen R. Covey book The Seven Habits of Highly Effective People
Source: The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change
Samuel Taylor Coleridge (1772–1834) English poet, literary critic and philosopher
22 September 1830.
Table Talk (1821–1834)
Context: A poet ought not to pick nature's pocket: let him borrow, and so borrow as to repay by the very act of borrowing. Examine nature accurately, but write from recollection; and trust more to your imagination than to your memory.