
“Always borrow money from a pessimist. He won't expect it back.”
Part II, Chapter 19, Natal Indian Congress
1920s, An Autobiography (1927)
“Always borrow money from a pessimist. He won't expect it back.”
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!
“The room for maneuver, to live on borrowed money or time, does not exist any more.”
On the 1991 Indian economic crisis, as quoted in "Budget 1991-92 Speech of Shri Manmohan Singh Minister of Finance" http://indiabudget.nic.in/bspeech/bs199192.pdf, Government of India (24 July 1991)
1991-2000
Context: There is no time to lose. Neither the Government nor the economy can live beyond its means year after year. The room for maneuver, to live on borrowed money or time, does not exist any more. Any further postponement of macroeconomic adjustment, long overdue, would mean that the balance of payments situation, now exceedingly difficult, would become unmanageable and inflation, already high, would exceed limits of tolerance.
On how he felt when he used a Mac for the first time at college, in an interview at the Design Museum (2003)[citation needed]
Part II, Chapter 14, Preparation for the Case
1920s, An Autobiography (1927)
“There is no such thing as public money; there is only taxpayers’ money.”
Speech to Conservative Party Conference (14 October 1983) http://www.margaretthatcher.org/document/105454
Second term as Prime Minister
Context: Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay – that ‘someone else’ is you. There is no such thing as public money; there is only taxpayers’ money.
"Fiat's John Elkann shares family business views" http://www.fbn-i.org/dec-10/article1.html, FBNenews, 12-15-2010
As quoted in Excellent Quotations for Home and School (1890) by Julia B. Hoitt, p. 74