“Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.” FirstsLittlesLongInterestMinutesDangerObjectsDevelopmentFirst TimeOrganizationPaidDebtSpeedCodeEngineeringLoadImplementationShippingStandstill Author:Ward Cunningham
“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.” PeopleThinkingOpportunityResponsibilityHistoryPowerEconomyPlansEconomicCenturyHonestyDevelopmentCreatingIntellectualAspectEconomicsDebtSocialismRealisingFactories21st CenturyTaxationEconomic Development Author:Vladimir Putin
“The fact that previous generations have handed down to us a substantial public heritage by way of roads, port, etc. almost completely free of debt, seems to me to impose some limitation on the validity of the theory that by borrowing we should, or could, pass on the burden of development to the next generation.” WayShouldFactsSeemsNextGenerationsTheoryDevelopmentBurdenDebtLimitationEtcHeritageNext GenerationPortBorrowingValidityPrevious Generations Author:John James Cowperthwaite
“Conversation in its happiest development is a link, equally exquisite and adequate, between mind and mind, a system by which men approach one another with sympathy and enjoyment, a field for the finest amenities of civilization, for the keenest and most intelligent display of social activity. It is also our solace, our inspiration, and our most rational pleasure. It is a duty we owe to one another; it is our common debt to humanity.” MenMindInspirationHumanitySocialPleasureCommonFieldsDutyDevelopmentCivilizationActivityConversationApproachIntelligentDebtRationalEnjoymentLinksDisplayFinestAdequateExquisiteSolaceAmenities Author:Agnes Repplier
“Enormous forces are affecting the world, and we can't possibly overestimate their importance. These include demographic developments, climate change, digitalization and the rise of Asia. And then there's the most important one: the end of a life lived on credit. We must finally free ourselves from debt.” WorldImportantEndsForceDevelopmentImportanceClimateClimate ChangeCreditDebtEnormousAsiaDemographicsOverestimate Author:Paul Achleitner
“We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded.” ThinkingNeedsPracticeDemocracyRevolutionDevelopmentDebtAidsPlanningReliefFree MarketFamily PlanningForeign Aid Author:William Easterly
“At the moment we are facing a whole collection of difficult to forecast developments from the situation in China and the oil-price crash to the worrying news from some banks in Europe and the US. All of that is linked: Worldwide company debt is high and there is a lot of money in circulation. That is why necessary structural reforms are not being made.” MadeWholeMomentsDifficultCompanySituationWorryDevelopmentNewsEuropeChinaDebtOilReformCollectionsLots Of MoneyCrashLinkedCirculationForecastsOil Price Author:Wolfgang Schauble
“I belong to a generation that had so many choices available. In 1970, when [former premier Robert] Bourassa launched the James Bay development project, nobody in Quebec asked whether we had the means to do it. Today could we launch another James Bay? Imagine the debates we'd have? We were a young, rich society with almost no debt. The generation that comes after us, and which will lead Quebec, must also have choices. And for that, they'll need financial manoeuvring room.” NeedsMeanTodayYoungChoicesRoomsRichImagineGenerationsDevelopmentProjectsFinancialAvailableDebtDebateFormerQuebec Author:Philippe Couillard