When confidence goes, the end is very near. It always comes faster than anyone expects and it always seems to be unexpected.
- John Mauldin - Topics: Fiat Currency, Default, Debt.
The progress of the enormous debts which at present oppress, and will in the long-run probably ruin, all the great nations of Europe, has been pretty uniform. (written in 1776)
- Adam Smith - Topics: Government, Default, Debt.
The long run is a misleading guide to current affairs. In the long run we are all dead.
- John Maynard Keynes - Topics: Default, Debt, Government.
The sad fact is we have no easy way out of the debt situation.
- John Mauldin - Topics: Government, Default, Debt.
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