“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.” RealProblemLyingAbilityEconomySeriousLaborEssenceFinancialDebtSavingSpheresFactoriesBubblesEstatesSavingsOverheadBond Market Author:Michael Hudson
“The dynamic principle of fantasy is play, a characteristic also of the child, and as such it appears inconsistent with the principle of serious work. But without this playing with fantasy no creative work has ever yet come to birth. The debt we owe to the play of imagination is incalculable. It is therefore short-sighted to treat fantasy, on account of its risky or unacceptable nature, as a thing of little worth.” ChildrenLittlesPlayImaginationPrinciplesFantasyCreativeSeriousBirthTreatsAccountsDebtCharacteristicsInconsistentCreative WorkMemories Dreams ReflectionsShort SightedSerious Work Book:Psychological Types Source: Psychological Types
“We live in a world with serious class complexes. It is one thing to be a college student with loan debts and another thing to be just dirt poor for your entire life. The challenge is to come up with more complex understandings of where we are, more global awareness of what connects Americans with what is happening with suffering and oppressed people all around the world.” PeopleWorldSufferingUnderstandingChallengesPoorClassOne ThingAwarenessStudentsCollegeSeriousHappeningsComplexesCome UpDebtAround The WorldDirtOppressedLoanCollege Students Author:Bell Hooks
“I have now the gloomy prospect of retiring from office loaded with serious debts, which will materially affect the tranquility of my retirement.” SeriousOfficeDebtRetirementRetiringTranquilityLoadedGloomy Book:Thomas Jefferson: A Chronology of His Thoughts Source: Thomas Jefferson: A Chronology of His Thoughts
“I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.” GivingImportantCountryHomeInterestPayEconomySeriousConcernProgramDebtSpendingBillionsPrudentForeign Countries Author:Tim Johnson