QuoteProject
Never in the history of human credit has so much been owed.
Margaret Thatcher
ShareWTF𝕏

Interpretation

What this quote means

This quote emphasizes the unprecedented levels of debt and obligation in human history.

Margaret Thatcher's quote highlights the remarkable accumulation of debt and financial obligations that societies face, suggesting a significant and potentially unsustainable reliance on credit. It reflects on the historical context of financial systems and the burdens they place on future generations.

Themes

DebtCreditObligationHistoryEconomics

In practice

Example use cases

In a financial seminar discussing the impact of credit on modern economies.

More from Margaret Thatcher

When will Labour learn that you cannot build Jerusalem in Brussels.
Margaret ThatcherRead
The battle for women's rights has been largely won.
Margaret ThatcherRead
Ought we not to ask the media to agree among themselves a voluntary code of conduct, under which they would not say or show anything which could assist the terrorists' morale or their cause while the hijack lasted.
Margaret ThatcherRead
Israel must never be expected to jeopardize her security: if she was ever foolish enough to do so, and then suffered for it, the backlash against both honest brokers and Palestinians would be immense - 'land for peace' must also bring peace.
Margaret ThatcherRead
If it's me against 48, I feel sorry for the 48.
Margaret ThatcherRead
Left-wing zealots have often been prepared to ride roughshod over due process and basic considerations of fairness when they think they can get away with it. For them the ends always seems to justify the means. That is precisely how their predecessors came to create the gulag.
Margaret ThatcherRead

Similar quotes

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
Ha-Joon ChangRead
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Adam SmithRead
African countries lose billions every year because of tax dodging by big corporations and wealthy individuals. They lose billions more from overly generous tax incentives in a misguided belief that this is the only way to attract foreign investment.
Winnie ByanyimaRead
Economics is haunted by more fallacies than any other study known to man
Henry HazlittRead
As our economy faces up to potential labour shortages due to our ageing population and as it moves to a new level of sophistication to compete with the rest of the world, we're going to need every Australian on board pulling their weight, rejoining the workforce, gaining new skills. Writing off individuals and communities suffering from poverty just creates a dead weight for our economy to drag along.
Julia GillardRead
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure. Voluntary private investment in private enterprise, on the other hand, promotes capitalism, production, independence, and self-reliance.
Henry HazlittRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.