Bad Debt Quotes

We are turning into a nation of whimpering slaves to Fear—fear of war, fear of poverty, fear of random terrorism, fear of getting down-sized or fired because of the plunging economy, fear of getting evicted for bad debts or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer.

I've proved my point. I've demonstrated there's no difference between me and everyone else! All it takes is one bad day to reduce the sanest man alive to lunacy. That's how far the world is from where I am. Just one bad day. You had a bad day once, am I right? I know I am. I can tell. You had a bad day and everything changed. Why else would you dress up as a flying rat? You had a bad day, and it drove you as crazy as everybody else... Only you won't admit it! You have to keep pretending that life makes sense, that there's some point to all this struggling! God you make me want to puke. I mean, what is it with you? What made you what you are? Girlfriend killed by the mob, maybe? Brother carved up by some mugger? Something like that, I bet. Something like that... Something like that happened to me, you know. I... I'm not exactly sure what it was. Sometimes I remember it one way, sometimes another... If I'm going to have a past, I prefer it to be multiple choice! Ha ha ha! But my point is... My point is, I went crazy. When I saw what a black, awful joke the world was, I went crazy as a coot! I admit it! Why can't you? I mean, you're not unintelligent! You must see the reality of the situation. Do you know how many times we've come close to world war three over a flock of geese on a computer screen? Do you know what triggered the last world war? An argument over how many telegraph poles Germany owed its war debt creditors! Telegraph poles! Ha ha ha ha HA! It's all a joke! Everything anybody ever valued or struggled for... it's all a monstrous, demented gag! So why can't you see the funny side? Why aren't you laughing?

When you sleep I will creep Into your thoughts Like a bad debt That you can't pay Take the easy way and give in!

If you don't take good care of your credit, then your credit won't take good care of you.

TIME WAS MY worst enemy. Nothing good ever came from time. It passed too quickly—good moments and happy memories gone in a blink. Or it passed too slowly—bad experiences and unhappy circumstances dragging for an eternity.

His(Luc) eyes widened appreciatively as he took in my dress, heels, hair. “You look beautiful.” Ethan beat me to a response. “Thank you. But you should compliment Merit as well. She cleans up nicely.” Luc snorted, glanced at me. “And you don’t look half-bad yourself, Sentinel.” “Thank you, Luc. He’s just jealous. He prefers to be the arm candy.

If repairing one's credit is as easy as sending some dispute letters to the credit bureaus then why doesn't everyone have good credit?

I will never be able to discuss what I did, and I will never do anything like it again. I can’t promise I won’t have bad days. I can’t assure you I won’t need space or time if emotions get too strong to bear. But I will promise I will never love anyone as much as I love you.

I fucking hate him and I want him so bad.

Are you willing to accept anything less than the credit you want, the credit you need and the credit you deserve?

Karma has been a pop culture term for ages. But really, what the heck is it? Karma is not an inviolate engine of cosmic punishment. Rather, it is a neutral sequence of acts, results, and consequences. Receiving misfortune does not necessarily indicate that one has committed evil. But it is a sufficient indicator of something else. And that something else can be anything, as long as it is a logical consequence of what has come before. Consider: if you fall into a well, you are not a bad person who deserves to suffer—you are merely someone who took a wrong step. Or someone who had one drink too many. Or got a head rush due to poor circulation. Or forgot to wear your glasses. Or— The reasons are plentiful, and all plausible. But the chain of cause and effect goes way, way back into the deepest hoariest recesses of your personal past. So never rule out retribution. But never expect it.

Good people died. Bad people lived. And the rest of us had to continue surviving.

I wanted him so damn bad. I wanted to be ridden, taken filthy and wrong.

There are people in this life for whom even the best of things don't work out. They could wear cashmere suits and still look like tramps; be very rich but badly in debt; be tall but lousy at basketball.

FORBIDDEN Pain without learning is forbidden, waking up one day not knowing what to do, being afraid of your memories. It is forbidden not to smile at problems, not to fight for what you want, to abandon all because of fears, not to realize your dreams. It is forbidden not to show your love, to be ashamed of your tears, to not laugh with children, to make someone else pay your debts, bad humor. It is forbidden to forget your friends, to not try to understand why they live far away, to treat people as disposable, to call them only when you need them. It is forbidden to not be yourself in front of others, pretending around people you don’t care about, trying to be funny just so you'll be remembered, to forget about all the people who love you. It is forbidden not to do things for yourself, to be afraid of life and its commitments, to not to live each day as if it were your last. It forbidden to take someone out without having fun, to forget their eyes, their laugh, to not respect love even if it is past, just because your paths have stopped crossing, to forget your past and only live in the moment. It is forbidden not to try to understand people, to think that other’s lives are worth more than yours, to not know that each one of us has our own way and our own happiness. It is forbidden not create your own story, to have no time for people who need you, to not understand what life gives to you, and that it can also be taken away. It is forbidden not find your happiness, to not live your life with a positive attitude, to not think we can do better and be better, to feel that without you, this world would still be the same...

I don’t know why she tries so hard to resist me. I’m not such a bad guy. I’m fit and healthy, a successful business owner, I’m not in debt, and I’m pretty damn good-looking. Or so I hear anyway.

But I got through the review, for all their Latin and French; I did, and if you doubt me, you just look at the end of the great ledger, turn it upside down, and you'll find I've copied out all the fine words they said of you: "careful observer," "strong nervous English," "rising philosopher." Oh! I can nearly say it all off by heart, for many a time when I am frabbed by bad debts, or Osborne's bills, or moidered with accounts, I turn the ledger wrong way up, and smoke a pipe over it, while I read those pieces out of the review which speak about you, lad!

It was called ‘We Wear the Mask’, by Paul Laurence Dunbar. I transcribed the first stanza and then started jotting down my reaction to it. We wear the mask that grins and lies, It hides our cheeks and shades our eyes,— This debt we pay to human guile; With torn and bleeding hearts we smile, And mouth with myriad subtleties. I used to wear masks so subtle I barely noticed them. A compliment to my mother after a dismal meal, a smile at my best friend when she sang out of tune, a forced laugh at my uncle’s bad jokes. I wore small masks that came and went, like fleeting expressions. I am stuck inside the mask I wear now. I want to rip it off. I want to show my scars to the world, to unveil the ugliness that breathes inside me. I want to be unashamed. I want to be unafraid. But every day the mask gets tighter, and I suffocate a little more. I stopped writing.

The word 'personal' is one of my aversions. Personal loan. Personal hygiene. Personal safety. It's only a way of wrapping up bad news that you're in debt, or dirty, or likely to be mugged.

Would you - would you like to marry me, Kitty?' Lord Radcliffe - James - asked, voice like gravel. She gave a helpless little laugh at the absurdity of the question - as if he did not know. 'I would,' she said. 'But first, I feel I must inform you that I come with four sisters, a badly leaking roof, and a veritable ocean of debt.' He had started to smile now, and once begun it did not seem to stop, overtaking his whole face. “I thank you for your honesty,’ he said cordially, and she laughed. ‘May I reassure you that I am desperate to meet your other sisters, the roof sounds charmingly rustic, and the debt does not faze me.’ He paused. ‘Of course, I understand that you will need to see my accounts before committing yourself,’ he went on, and she laughed again, loud and bright. ‘I’m sure that won’t be necessary,’ she said. ‘As long as you can promise you’re absurdly rich and you’ll pay off all my family’s debts.’ ‘I am absurdly rich,’ he repeated. ‘And I will pay off all your family’s debts.’ ‘Why then by all means,’ she said, grinning up at him, ‘I would indeed like to marry you.

Anxiety suits the status quo very well. Anxious people make good consumers and good workers. Governments and big business, therefore, love terrorism – they adore it, it’s good for business. Anxiety will drive us back into our comfort blankets of credit-card shopping and bad food, so the system deliberately produces anxiety while simultaneously promising to take it away.

When Maya (external world) gives you (the soul) a rose (good or bad experience), you feel indebted (Karmic Debt). You feel bound to give her company. When you realize that the Maya will go on even when you are not with her, you will get the courage to do the divine break-up. You will get liberation.

Things that have happened to me that have generated more sympathy than depression Having tinnitus. Scalding my hand on an oven, and having to have my hand in a strange ointment-filled glove for a week. Accidentally setting my leg on fire. Losing a job. Breaking a toe. Being in debt. Having a river flood our nice new house, causing ten thousand pounds’ worth of damage. Bad Amazon reviews. Getting the norovirus. Having to be circumcised when I was eleven. Lower-back pain. Having a blackboard fall on me. Irritable bowel syndrome. Being a street away from a terrorist attack. Eczema. Living in Hull in January. Relationship break-ups. Working in a cabbage-packing warehouse. Working in media sales (okay, that came close). Consuming a poisoned prawn. Three-day migraines.

If I am not forgiving them, I am still in a destructive relationship with them. Gain grace from God, and let others' debts go. Do not keep seeking a bad account. Let it go, and get what you need from God and people who can give. That is a better life. Unforgiveness destroys boundaries. Forgiveness creates them, for it gets bad debt off of your property.

Even when I try to be good, I am bad. Even when I try to do right by you, I only hurt you. [...] Even when I try to create, I destroy.

The Power of the Dog by Rudyard Kipling There is sorrow enough in the natural way From men and women to fill our day; And when we are certain of sorrow in store, Why do we always arrange for more? Brothers and Sisters, I bid you beware Of giving your heart to a dog to tear. Buy a pup and your money will buy Love unflinching that cannot lie-- Perfect passion and worship fed By a kick in the ribs or a pat on the head. Nevertheless it is hardly fair To risk your heart for a dog to tear. When the fourteen years which Nature permits Are closing in asthma, or tumour, or fits, And the vet's unspoken prescription runs To lethal chambers or loaded guns, Then you will find--it's your own affair-- But ... you've given your heart to a dog to tear. When the body that lived at your single will, With its whimper of welcome, is stilled (how still!). When the spirit that answered your every mood Is gone--wherever it goes--for good, You will discover how much you care, And will give your heart to a dog to tear. We've sorrow enough in the natural way, When it comes to burying Christian clay. Our loves are not given, but only lent, At compound interest of cent per cent. Though it is not always the case, I believe, That the longer we've kept 'em, the more do we grieve: For, when debts are payable, right or wrong, A short-time loan is as bad as a long-- So why in--Heaven (before we are there) Should we give our hearts to a dog to tear?

We don't give up, even when things are bad. We pay our debts. We work hard. We act decently. We help our neighbours if they need it. We do what we say we will do. We don't want much attention. We look after our own. We are proud of what we do. We try to be quietly smart. We take chances sometimes to get on. We will fail sometimes. We will be affected by the wider world... But we hold on to who we are.

Nothing was ever more hostile," she told me years later, "than this gnarled, twisted selflessness that chokes you like a bad debt and always makes you feel slightly unworthy and always unkind in the end.

They suffered cold and heat, hard work and privation as did others of their time. When possible they turned bad into good. If not possible, they endured it. Neither they nor their neighbors begged for help. No other person, nor the government, owed them a living. They owed that to themselves and in some way they paid the debt. And they found their own way. Their old fashioned character values are worth as much today as they ever were to help us over the rough places. We need today courage, self reliance and integrity.

People often attempt to compensate for this loss of hope by comforting themselves with “consolation prizes”: easy but self-destructive habits like too much TV, too much junk food, too much shopping, not enough exercise, endless video games. And sometimes they distract themselves with riskier behavior: alcohol and drugs, debt,

Not committing the so-called deadly sins is not enough to avoid bad juju in this life, or the next. Those everyday little wrongdoings, like ingratitude, unkindness, and entitlement, are hefty cornerstones of karmic debt.

Then I realized that you can appreciate the memories and the good times, no matter how rare they are, without condoning all the shit that happened to you. You should never feel guilty for trying to pull the good out of the bad.” More

When they turn the sun on again I'll plant children under it, I'll light up my soul with a match and let it sing. I'll take my bones and polish them, I'll vacuum up my stale hair, I'll pay all my neighbors' bad debts, I'll write a poem called Yellow and put my lips down to drink it up, I'll feed myself spoonfuls of heat and everyone will be home playing with their wings and the planet will shudder with all those smiles and there will be no poison anywhere, no plague in the sky and there will be a mother-broth for all of the people and we will never die, not one of us, we'll go on won't we?

It was only with the crisis that debt soared. Yet many Europeans in key positions - especially politicians and officials in Germany, but also the leadership of the European Central Bank and opinion leaders throughout the world of finance and banking - are deeply committed to the Big Delusion, and no amount of contrary evidence will shake them. As a result, the problem of dealing with the crisis is often couched in moral terms: nations are in trouble because they have sinned, and they must redeem themselves through suffering. And that's a very bad way to approach the actual problems Europe faces.

Buying a home is always an impulse buy. It's an impossible thing for your brain to absorb fully: to warp your whole emotional and financial life around the shape of this absurd physical thing, this new collection of problems and regrets, ants and undiscovered mold, bad drainage, and cracked foundations that will be your burden until you sell it or it kills you. A thirty-year mortgage is hilarious when you are young and you don't even remember what day it is; it's a grim thing when you are older and see that this debt is a bright, un-ignorable line from the now of your life to its addled decline.

Any sensible person knows that it’s only postponing the evil hour, but when you’re in debt up to your eyeballs, you stop thinking straight. You get into this self-deluding fantasy that if you can just get over this hump, you’ll be heading towards getting straight again. Nobody cons themselves better than a bad debtor.

My five Upstart sons are all bloody and brave I’ve got one on the gallows, and two in the grave One is your prisoner, and none is your slave “Pish,” said Gormalin. “That’s a war song!” I’ve got one in the hills that you never have met And though he is young, he will murder you yet For the hour is coming you’ll answer your debt “That song’s illegal!” he protested, and right he was. It’s the very song that got Kellan na Falth hanged. “You can’t sing about men killing men since the Goblin Wars! Especially not a song against a proper king of Holt, even an old, bad king!” Now, of course, I joined in. My five Upstart sons have declared against you Their tongues are as black as their promise is true And they’ll call you to answer whatever you do! No Coldfoot guard was going to be left out of an illegal Galtish rebel song, so Malk picked up the next verse with us, his strong, confident baritone suddenly making the whole insurrection seem credible. The crown you so love sits but light on your head The castle you stole has a cold, stony bed And though I am old, I will yet see you dead You’ve hundreds of men with long swords and long knives But you’ve lain with near half of their fair Galtish wives And none of them love you to lay down their lives Abandon your tower and open your gate No silver-bought army can alter your fate If all my five perish, my neighbor has eight Our ten thousand sons have declared against you Their tongues are as black as their promise is true And they’re coming, they’re coming, whatever you do

My Hadley didn’t live atop a pedestal. Neither of us was under any misconception that we were anything but flawed individuals with extensive backgrounds in mistakes and bad decisions. We’d both inflicted pain on each other and suffered our fair share. Despite all of that, and maybe because of it, her lips joined with mine felt like salvation.

Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt.

There isn’t anything inherently good or bad about ideas and beliefs. They’re the same as strengths and weaknesses.

Maybe they felt bad about what they took from me, so they gave me you.” I grip the back of her scalp and pull her up to my mouth. “A payment on their debt.

Isn't it sad that we have to gain control of the artificial numbers placed upon us by others to regain some control of our lives?

Those who abuse political power create a debt of hatred that almost certainly brings them to a bad end.

The first step towards improving your finances, is to avoid bad choices that have a high consequential financial liability attached to them.

In a 2007 cable about Nauru, made public by WikiLeaks, an unnamed U.S. official summed up his government’s analysis of what went wrong on the island: “Nauru simply spent extravagantly, never worrying about tomorrow.” Fair enough, but that diagnosis is hardly unique to Nauru; our entire culture is extravagantly drawing down finite resources, never worrying about tomorrow. For a couple of hundred years we have been telling ourselves that we can dig the midnight black remains of other life forms out of the bowels of the earth, burn them in massive quantities, and that the airborne particles and gases released into the atmosphere - because we can’t see them - will have no effect whatsoever. Or if they do, we humans, brilliant as we are, will just invent our way out of whatever mess we have made. And we tell ourselves all kinds of similarly implausible no-consequences stories all the time, about how we can ravage the world and suffer no adverse effects. Indeed we are always surprised when it works out otherwise. We extract and do not replenish and wonder why the fish have disappeared and the soil requires ever more “inputs” (like phosphate) to stay fertile. We occupy countries and arm their militias and then wonder why they hate us. We drive down wages, ship jobs overseas, destroy worker protections, hollow out local economies, then wonder why people can’t afford to shop as much as they used to. We offer those failed shoppers subprime mortgages instead of steady jobs and then wonder why no one foresaw that a system built on bad debts would collapse. At every stage our actions are marked by a lack of respect for the powers we are unleashing - a certainty, or at least a hope, that the nature we have turned to garbage, and the people we have treated like garbage, will not come back to haunt us.

This was the neighborhood of the cheap addicts, whisky-heads, stumblebums, the flotsam of Harlem; the end of the line for the whores, the hard squeeze for the poor honest laborers and a breeding ground for crime. Blank-eyed whores stood on the street corners swapping obscenities with twitching junkies. Muggers and thieves slouched in dark doorways waiting for someone to rob; but there wasn't anyone but each other. Children ran down the street, the dirty street littered with rotting vegetables, uncollected garbage, battered garbage cans, broken glass, dog offal — always running, ducking and dodging. God help them if they got caught. Listless mothers stood in the dark entrances of tenements and swapped talk about their men, their jobs, their poverty, their hunger, their debts, their Gods, their religions, their preachers, their children, their aches and pains, their bad luck with the numbers and the evilness of white people. Workingmen staggered down the sidewalks filled with aimless resentment, muttering curses, hating to go to their hotbox hovels but having nowhere else to go.

the real problem in American higher education is not about debt, but distribution and quality. The debt problem is for people from poorer backgrounds who borrow to attend bad colleges.

Children teach us that love is, in its purest form, a kind of service. The word has grown freighted with negative connotations. An individualistic, self-gratifying culture cannot easily equate contentment with being at someone else’s call. We are used to loving others in return for what they can do for us, for their capacity to entertain, charm or soothe us. Yet babies can do precisely nothing. There is, as slightly older children sometimes conclude with a sense of serious discomfort, no ‘point’ to them; that is their point. They teach us to give without expecting anything in return, simply because they need help badly – and we are in a position to provide it. We are inducted into a love based not on an admiration for strength, but on a compassion for weakness, a vulnerability common to every member of the species and one which has been and will eventually again be our own. Because it is always tempting to overemphasize autonomy and independence, these helpless creatures are here to remind us that no one is, in the end, ‘self-made’; we are all heavily in someone’s debt. We realize that life depends – quite literally – on the capacity for love.

But first, I feel I must inform you that I come with four sisters, a badly leaking roof, and a veritable ocean of debt.’ He had started to smile now, and once begun it did not seem to stop, overtaking his whole face. ‘I thank you for your honesty,’ he said cordially, and she laughed. ‘May I reassure you that I am desperate to meet your other sisters, the roof sounds charmingly rustic, and the debt does not faze me.’ He paused. ‘Of course, I understand that you will need to see my accounts before committing yourself,’ he went on, and she laughed again, loud and bright. ‘I’m sure that won’t be necessary,’ she said. ‘As long as you can promise you’re absurdly rich and you’ll pay off all my family’s debts.’ ‘I am absurdly rich,’ he repeated. ‘And I will pay off all your family’s debts.

Family is not always right. Mahabharata happened because Dhritarashtr was blind to his son’s misdeeds and all four younger Pandavas blindly supported their eldest brother who gambled. When it comes to family, we are all blind because our body-mind are indebted to them for life. We can’t run away from that debt. But the soul can insulate itself from their bad Karma just by being aware of this blindness.

And what an honour to have been chosen. How silly to have been so frightened! Naturally the great leaders of the State would not allow harm to come to an innocent citizen who worked hard and had no black marks on her zapiska. Suddenly she felt immensely grateful to the father-figure that was the State, and proud that she would now have a chance to repay some of her debt. Even the Klebb woman wasn’t really so bad after all.

My concern with democracy is highly specific. It begins in observing the remarkable fact that, while democracy means a government accountable to the electorate, our rulers now make us accountable to them. Most Western governments hate me smoking, or eating the wrong kind of food, or hunting foxes, or drinking too much, and these are merely the surface disapprovals, the ones that provoke legislation or public campaigns. We also borrow too much money for our personal pleasures, and many of us are very bad parents. Ministers of state have been known to instruct us in elementary matters, such as the importance of reading stories to our children. Again, many of us have unsound views about people of other races, cultures, or religions, and the distribution of our friends does not always correspond, as governments think that it ought, to the cultural diversity of our society. We must face up to the grim fact that the rulers we elect are losing patience with us. No philosopher can contemplate this interesting situation without beginning to reflect on what it can mean. The gap between political realities and their public face is so great that the term “paradox” tends to crop up from sentence to sentence. Our rulers are theoretically “our” representatives, but they are busy turning us into the instruments of the projects they keep dreaming up. The business of governments, one might think, is to supply the framework of law within which we may pursue happiness on our own account. Instead, we are constantly being summoned to reform ourselves. Debt, intemperance, and incompetence in rearing our children are no doubt regrettable, but they are vices, and left alone, they will soon lead to the pain that corrects. Life is a better teacher of virtue than politicians, and most sensible governments in the past left moral faults to the churches. But democratic citizenship in the twenty-first century means receiving a stream of improving “messages” from politicians. Some may forgive these intrusions because they are so well intentioned. Who would defend prejudice, debt, or excessive drinking? The point, however, is that our rulers have no business telling us how to live. They are tiresome enough in their exercise of authority—they are intolerable when they mount the pulpit. Nor should we be in any doubt that nationalizing the moral life is the first step towards totalitarianism. We might perhaps be more tolerant of rulers turning preachers if they were moral giants. But what citizen looks at the government today thinking how wise and virtuous it is? Public respect for politicians has long been declining, even as the population at large has been seduced into demanding political solutions to social problems. To demand help from officials we rather despise argues for a notable lack of logic in the demos. The statesmen of eras past have been replaced by a set of barely competent social workers eager to take over the risks of our everyday life. The electorates of earlier times would have responded to politicians seeking to bribe us with such promises with derision. Today, the demos votes for them.

In general, men should only be doing dinner dates once she proves herself worthwhile after some coffee or cocktail dates. Under no circumstances should a man pay for a woman's debt, be that credit cards or student loans. Under no circumstances should a man help with a woman's rent or car payment. And you absolutely never donate money to an e-thot for any reason. But if there's a nice girl you've met for coffee before, and she is sincere, paying for dinner and a movie isn't bad.

From all over the planet they came…. They came in companies and alone, with money and without, knowing and naïve. They tore themselves from warm hearths and good homes, promising to return; they fled from cold hearts and bad debts, never to return. They were farmers and merchants and sailors and slaves and abolitionists and soldiers of fortune and ladies of the night. They jumped bail to start their journey, and jumped ship at journey’s end. They were the pillars of their communities, and their communities’ dregs….

Debt has become the means of subjecting everyone – from sovereign nations to homeowners and victims of payday loan sharks – to a mixture of ersatz morality and threats. Pay your debts or else you’re a bad person or bad country, and so bad things will happen to you.35

These narrow notions about debt, held by the old fashioned Tullivers, may perhaps excite a smile on the faces of many readers in these days of wide commercial views and wide philosophy, according to which everything rights itself without any trouble of ours. The fact that my tradesman is out of pocket by me is to be looked at through the serene certainty that somebody else’s tradesman is in pocket by somebody else; and since there must be bad debts in the world, why, it is mere egoism not to like that we in particular should make them

Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never bailed out. With their ‘rescue’ loan and their troika of bailiffs enthusiastically slashing incomes, the EU and IMF effectively condemned Greece to a modern version of the Dickensian debtors’ prison and then threw away the key. Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency. Why? Did the EU and the IMF not realize what they were doing? They knew exactly what they were doing. Despite their meticulous propaganda, in which they insisted that they were trying to save Greece, to grant the Greek people a second chance, to help reform Greece’s chronically crooked state and so on, the world’s most powerful institutions and governments were under no illusions. […] Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. The only alternative was to continue the pretence by giving the Greek government another wad of money with which to pretend to meet its debt repayments to the EU and the IMF: a second bailout.

How can I describe my life in the years leading up to this moment except in shades of gray? All the scrape and grind of it, all the empty shelves and lost ambition, all the soot grown hard on windows, season after season the only black harvest. The bad news, the debts, the visa applications, the flesh of your arm humping white between a nurse's fingers as she stuck you with a paltry twelve months' protection against whatever new strain of disease, as if bankruptcy or homelessness or a weariness at aping at the motions of life weren't more likely to kill you first.

they demand—along with the restoration of the Golden Age—are amendments of certain laws that bear on inheritance, how they can dispose of their goods in their wills. These are not the concerns of simple people. What has Hob or Hick to leave behind him, but some bad debts and broken shoes? No: these are the complaints of small landowners, and men who don’t like to pay their taxes. Men who want to be petty kings in their shires, who want the women to curtsey as they pass through the marketplace. I know these paltry gods, he thinks. We had them in Putney. They have them everywhere.

What if the formula “more stuff equals more happiness” is bad math? What if more stuff often just equals more stress? More hours at the office, more debt, more years working in a job I don’t feel called to, more time wasted cleaning and maintaining and fixing and playing with and organizing and reorganizing and updating all that junk I don’t even need. What if more stuff actually equals less of what matters most? Less time. Less financial freedom. Less generosity, which according to Jesus is where the real joy is. Less peace, as I hurry my way through the mall parking lot. Less focus on what life is actually about. Less mental real estate for creativity. Less relationships. Less margin. Less prayer. Less of what I actually ache for? What if I were to reject my culture’s messaging as a half-truth at best, if not a full-on lie, and live into another message? Another gospel?

Interesting that is was the heart, even so long ago, that was thought to absorb the effects of your good and bad deeds, like Dorian Gray's scoundrelly picture. It's not the heart that remembers your moral pluses and minuses really - it's the brain. But we can't be convinced of that. No one ever sends his valentine a picture of a brain with an arrow through it; nor, in the case of romantic failure, do we say, "He broke my brain." Maybe that's because, although the brain's in the control tower, it's the heart we can feel responding to our emotions - as in, Be still my beating heart. (Not brain.)

Do you ever wonder why a battered wife stays with her husband? Why people continue to spend money they don’t have even though they know they are deeply in debt? Why some keep jamming food in their mouths when they’re already overweight? Why do people stay in bad relationships? Why are some people still racist? Why do people still drink and drive? You’d think the response to all these things would be obvious and cause them to scream, “Duh, of course I need to change this.” Why do we keep doing church the same way even when we know it’s in critical decline? Why do paid church leaders spend so much time preparing for a 90-minute service for Christians who have heard it all before? Why do we still call our message the good news when it clearly seems to be bad news or no news to Sojourners? Why do we think Pharisees are only found in the Bible? Why is returning to a simpler form of ancient church so hard to grasp?

There was little to the Coalition’s economic plan other than scaremongering about debt and deficit. This lack of positive policy displayed a complacency based on the Liberal Party’s genuine belief that Labor governments are bad for the economy and simply booting them from the treasury benches was sound economic management.

When you left me I was lost. I didn’t know what to do, who I was or what I was going to do. Time froze for me. I woke up every morning with you in my head. That feeling of being lost, not knowing who I was, was terrible. It was so bad that I spent everyday numbing my pain with drugs and alcohol until I passed out. Not because I enjoyed it but because it was the only way I could sleep. When I look back, you had every reason to leave me. I was no good for you. We rotted at my place, didn’t do anything, treated you bad, picked everything over you. I had no motivation to do begin work, debt stacked up higher and higher. Until finally, welcome to rock bottom. Heck im surprised you stayed as long as you did. But when you left and I realized what I did to cause this, I thought to my self that when I look back at this I want to know I tried to get her back. I couldn’t let you go without a fight, I wanted to know that I tried to get you back. And I tried. After I saw you with another person my heart broke in pieces and like pieces of glass it felt stuck in my throat. You told me its what you wanted to do from the beginning and I didn’t want to believe it. But after that I gave up on you and decided to pick up whatever pieces I had left and move on. At least I tried, that’s what I told my self. If I could go back and do it all over again, would I do it differently? Of course, but that’s not reality. I focused on what was. In a way im glad things happened this way. It opened my eyes to a different world, it made me who iam today. It gave me the best motivation possible, to prove to you and my self that I could be better. I used you everyday to get to that extra mile. Waking up every morning at awkward times thinking about you and not being able to fall back asleep. I used that to motivate me to start work everyday at 6am. And now I sit here with my successful career, my new girl friend, debt free and a fat bank account in less then a year and I have no one else to thank but MY SELF! To everyone that has made a mistake, im here to tell you that it always gets worse before its gets better!

Promise me that you’ll never cut me out. Promise me that you’ll never walk away—no matter how badly I fuck up.” I wanted to bind her in this moment—an ironclad agreement that she would never leave—no matter how bad things got. Because I would fuck it up. She would end up hating me. I had debts to extract, her brother to dispatch, and an empire to steal. I wasn’t perfect.

She concluded with a statement of her philosophy: “Running through all the stories, like a golden thread, is the same thought of the values of life. They were courage, self reliance, independence, integrity and helpfulness. Cheerfulness and humor were handmaids to courage.” Describing her parents’ travails, she wrote: When possible, they turned the bad into good. If not possible, they endured it. Neither they nor their neighbors begged for help. No other person, nor the government, owed them a living. They owed that to themselves and in some way they paid the debt. And they found their own way. Their old fashioned character values are worth as much today as they ever were to help us over the rough places. We need today courage, self reliance and integrity.107

Sorry means you feel the pulse of other people’s pain as well as your own, and saying it means you take a share of it. And so it binds us together, makes us as trodden and sodden as one another. Sorry is a lot of things. It’s a hole refilled. A debt repaid. Sorry is the wake of misdeed. It’s the crippling ripple of consequence. Sorry is sadness, just as knowing is sadness. Sorry is sometimes self-pity. But Sorry, really, is not about you. It’s theirs to take or leave. Sorry means you leave yourself open, to embrace or to ridicule or to revenge. Sorry is a question that begs forgiveness, because the metronome of a good heart won’t settle until things are set right and true. Sorry doesn’t take things back, but it pushes things forward. It bridges the gap. Sorry is a sacrament. It’s an offering. A gift. Yes. Sorry is when good people feel bad.

The key to motivating your kids to take responsibility for earning their way in the world is to limit the amount of spending money you give them. It isn’t a bad idea to give your kids a modest allowance. It’s best if the allowance is tied to doing chores around the house. Even then, be sure to limit the amount of money you give your kids. The whole idea is to leave the kids wanting more money than you give them so they have the desire to earn some money on their own.

...despite the mask we are all so good at wearing, we somehow manage to wake up every day hoping there's still a chance. That maybe, somehow, we can balance the debt ledger we carry in our hearts. That maybe God is offering a special that week and one good equals two bad. But then there are the lies that the memories whisper.' Her tears were flowing freely now. She asked, 'What do they say?' 'They say we are alone. That bad choices and mistakes have drained the value out of us. And that we are not worth the cost of getting to us.

Nila snapped, “Have you forgotten my promise so soon, Mr. Hawk?” The table froze; men looked from the skinny seamstress to their leather-jacketed leader. Cut tensed. “No, I haven’t forgotten.” “I meant what I said,” Nila growled. “I will kill you. You can pretend you’re kind and keep me in good health, but I will never forget what you’ve done.” I stood up, slapping my palms loudly on the table. “Ms. Weaver!” Her head snapped in my direction, her dark eyes blazing. “Was I talking to you? You’re as bad as he is. I have a good mind to kill you, too.

Calm down, Miss.” Alexandra’s voice was cold. “Jean Louise, nobody in Maycomb goes to see Negroes any more, not after what they’ve been doing to us. Besides being shiftless now they look at you sometimes with open insolence, and as far as depending on them goes, why that’s out. “That NAACP’s come down here and filled ’em with poison till it runs out of their ears. It’s simply because we’ve got a strong sheriff that we haven’t had bad trouble in this county so far. You do not realize what is going on. We’ve been good to ’em, we’ve bailed ’em out of jail and out of debt since the beginning of time, we’ve made work for ’em when there was no work, we’ve encouraged ’em to better themselves, they’ve gotten civilized, but my dear—that veneer of civilization’s so thin that a bunch of uppity Yankee Negroes can shatter a hundred years’ progress in five. . . . “No ma’am, after the thanks they’ve given us for looking after ’em, nobody in Maycomb feels much inclined to help ’em when they get in trouble now. All they do is bite the hands that feed ’em. No sir, not any more—they can shift for themselves, now.

Attempting to be her friend would be like intentionally writing a bad check. I am not a good friend. I have never been capable of or willing to commit to the maintenance that the rules of friendship dictate. I cannot remember birthdays. I do not want to meet for coffee. I will not host the baby shower. I won’t text back because it’s an eternal game of Ping-Pong, the texting. It never ends. I inevitably disappoint friends, so after enough of that, I decided I would stop trying. I don’t want to live in constant debt. This is okay with me. I have a sister and children and a dog. One cannot have it all.

He was talking about hire purchase. precredit cards. A different way of getting the poor into debt, but I think he was right. It was nice when ordinary people could take a holiday in Spain, of course, but easy credit is what started the cultural rot. Tourism depends on lots of people everywhere with loads of disposable wealth, which means all kinds of changes through a place a cultivates it. The real, messy, informative past disappears to be overlaid with bad fiction, with simplified folklore, easy answers. Memory needs to remain complex, debatable. Without those qualities it is mere nostalgic sentimentality. Commodified identity. Souls bough and sold.

How common is resource infidelity? One survey of a thousand individuals in New York City revealed that 40 percent of married women and 37 percent of married men had a secret bank account.12 A Harris survey found somewhat lower numbers, but nonetheless 31 percent admitted lying to their spouse about some aspect of finances—58 percent of those who did hid cash, 30 percent hid a bill, 15 percent hid a bank account, 11 percent lied about earnings, and another 11 percent lied about debt.13 Another study found that 80 percent of respondents admitted to hiding money from their spouse.14 Regardless of the exact numbers, which vary from study to study, sample to sample, and method to method, financial infidelity is clearly not uncommon.

One can hardly fault China for seizing on a great bargain, but for Zambia, the auctioning off of its most lucrative economic resources at fire-sale prices constituted another big stroke of bad national luck. Copper prices were still depressed and the government’s state of near bankruptcy at the time meant that Zambia had little negotiating power. Edith Nawakwi, who was the Zambian finance minister at the time of the sale, said that the country was pressured by its more traditional partners to accept this pittance. “We were told by advisers, who included the International Monetary Fund and the World Bank, that … for the next twenty years, Zambian copper would not make a profit. [Conversely, if we privatized] we would be able to access debt relief, and this was a huge carrot in front of us—like waving medicine in front of a dying woman. We had no option [but to go ahead].” The

So tell me about van living,” I say, swallowing a mouthful of sandwich. I’d preprepared the question. Asking questions is a tactic I use when small talk is required—it makes you appear interested while simultaneously putting all the effort of the conversation on the other party. “What do you like about it?” Wally is lying on the blanket, resting on one elbow. “Many things,” he says. “I find the small space cozy, like sleeping in a little cocoon. When it rains, I hear it pelting the roof; when it’s windy, I feel the wind up against the car. It’s like I’m out in it … but protected. What else? I like that I can’t have too many possessions, so when I do buy something, I have to consider whether I really need it. It means I only end up with things that are incredibly useful or very precious. I like that I’m not imprisoned by anything. Debt. Weather. Bad neighbors. My home is wherever I am.

Bank-friendly writers and lobbyists fostered a myth that the economy needed its investment banks to remain solvent to keep the economy functioning. But many former officials, including Bair, SIGTARP‘s Neil Barofsky, and Reagan Administration budget director David Stockman, rejected the claims that public guarantees for reckless bank loans was needed to protect insured depositors. Retail savings and checking accounts were never threatened by the bad gambles that banks made. But this myth had to be promoted in order for Paulson, Geithner Bernanke and other bank protectors to persuade Congress to overrule Bair and make government (“taxpayers”) pay. Their aim was to save the banks from being nationalized, and to protect bankers from being prosecuted for fraud or reining in the exorbitant salaries and bonuses they had given themselves. No attempt was made to change the system that had led to the crash. If

The problem with police officers and firefighters isn’t a public-sector problem; it isn’t a problem with government; it’s a problem with the entire society. It’s what happened on Wall Street in the run-up to the subprime crisis. It’s a problem of people taking what they can, just because they can, without regard to the larger social consequences. It’s not just a coincidence that the debts of cities and states spun out of control at the same time as the debts of individual Americans. Alone in a dark room with a pile of money, Americans knew exactly what they wanted to do, from the top of the society to the bottom. They’d been conditioned to grab as much as they could, without thinking about the long-term consequences. Afterward, the people on Wall Street would privately bemoan the low morals of the American people who walked away from their subprime loans, and the American people would express outrage at the Wall Street people who paid themselves a fortune to design the bad loans.

There was a loud din, a drunken gaiety. Young people, adults, children were dancing. But I could feel the reality behind the appearance of festivity. The distorted faces of the bride’s relatives signaled a quarrelsome discontent. Especially the women. They had spent their last cent for the gift, for what they were wearing, had gone into debt, and now they were treated like poor relations, with bad wine, intolerable delays in service? Why didn’t Lila intervene, why didn’t she protest to Stefano? I knew them. They would restrain their rage for love of Lila but at the end of the reception, when she went to change, when she came back, dressed in her beautiful traveling clothes, when she handed out the wedding favors, when she had left, with her husband, then a huge fight would erupt, and it would be the start of hatreds lasting months, years, and offenses and insults that would involve husbands, sons, all with an obligation to prove to mothers and sisters and grandmothers that they knew how to be men.

The poet 4 has not described one people divided into two hostile camps, parents and children enrolled on opposite sides, Rome set on fire by the hand of a Roman, troops of fierce horsemen scouring the country to track out the hiding- places of the proscribed, wells defiled with poison, plagues created by human .hands, trenches dug by children round their beleaguered parents, crowded prisons, conflagrations that consume whole cities, gloomy tyrannies, secret plots to establish despotisms and ruin peoples, and men glorying in those deeds which, as long as it was possible to repress them, were counted as crimes — I mean rape, debauchery, and lust …… Add to these, public acts of national bad faith, broken treaties, everything that cannot defend itself carried off as plunder by the stronger, knaveries, thefts, frauds, and disownings of debt such as three of our present law-courts would not suffice to deal with. If you want the wise man to be as angry as the atrocity of men's crimes requires, he must not merely be angry, but must go mad with rage.

ONCE, a youth went to see a wise man, and said to him: “I have come seeking advice, for I am tormented by feelings of worthlessness and no longer wish to live. Everyone tells me that I am a failure and a fool. I beg you, Master, help me!” The wise man glanced at the youth, and answered hurriedly: “Forgive me, but I am very busy right now and cannot help you. There is one urgent matter in particular which I need to attend to...”—and here he stopped, for a moment, thinking, then added: “But if you agree to help me, I will happily return the favor.” “Of...of course, Master!” muttered the youth, noting bitterly that yet again his concerns had been dismissed as unimportant. “Good,” said the wise man, and took off a small ring with a beautiful gem from his finger. “Take my horse and go to the market square! I urgently need to sell this ring in order to pay off a debt. Try to get a decent price for it, and do not settle for anything less than one gold coin! Go right now, and come back as quick as you can!” The youth took the ring and galloped off. When he arrived at the market square, he showed it to the various traders, who at first examined it with close interest. But no sooner had they heard that it would sell only in exchange for gold than they completely lost interest. Some of the traders laughed openly at the boy; others simply turned away. Only one aged merchant was decent enough to explain to him that a gold coin was too high a price to pay for such a ring, and that he was more likely to be offered only copper, or at best, possibly silver. When he heard these words, the youth became very upset, for he remembered the old man’s instruction not to accept anything less than gold. Having already gone through the whole market looking for a buyer among hundreds of people, he saddled the horse and set off. Feeling thoroughly depressed by his failure, he returned to see the wise man. “Master, I was unable to carry out your request,” he said. “At best I would have been able to get a couple of silver coins, but you told me not to agree to anything less than gold! But they told me that this ring is not worth that much.” “That’s a very important point, my boy!” the wise man responded. “Before trying to sell a ring, it would not be a bad idea to establish how valuable it really is! And who can do that better than a jeweler? Ride over to him and find out what his price is. Only do not sell it to him, regardless of what he offers you! Instead, come back to me straightaway.” The young man once more leapt up on to the horse and set off to see the jeweler. The latter examined the ring through a magnifying glass for a long time, then weighed it on a set of tiny scales. Finally, he turned to the youth and said: “Tell your master that right now I cannot give him more than 58 gold coins for it. But if he gives me some time, I will buy the ring for 70.” “70 gold coins?!” exclaimed the youth. He laughed, thanked the jeweler and rushed back at full speed to the wise man. When the latter heard the story from the now animated youth, he told him: “Remember, my boy, that you are like this ring. Precious, and unique! And only a real expert can appreciate your true value. So why are you wasting your time wandering through the market and heeding the opinion of any old fool?

In this march through a virtual lifetime, we’ve visited school and college, the courts and the workplace, even the voting booth. Along the way, we’ve witnessed the destruction caused by WMDs. Promising efficiency and fairness, they distort higher education, drive up debt, spur mass incarceration, pummel the poor at nearly every juncture, and undermine democracy. It might seem like the logical response is to disarm these weapons, one by one. The problem is that they’re feeding on each other. Poor people are more likely to have bad credit and live in high-crime neighborhoods, surrounded by other poor people. Once the dark universe of WMDs digests that data, it showers them with predatory ads for subprime loans or for-profit schools. It sends more police to arrest them, and when they’re convicted it sentences them to longer terms. This data feeds into other WMDs, which score the same people as high risks or easy targets and proceed to block them from jobs, while jacking up their rates for mortgages, car loans, and every kind of insurance imaginable. This drives their credit rating down further, creating nothing less than a death spiral of modeling. Being poor in a world of WMDs is getting more and more dangerous and expensive.

There was a young man with a hot temper. He was not all bad, but he was reckless, and he drank more than he should, and spent more than he could, and gave a ring to more women than one, and gambled himself into a corner so tight an ant couldn't turn round in it. Once night, in despair, and desperate with worry, he got into a fight outside a bar, and killed a man. Mad with fear and remorse, for he was more hot-tempered than wicked, and stupid when he could have been wise, he locked himself into his filthy bare attic room and took the revolver that had killed his enemy, loaded it, cocked it and prepared to blast himself to pieces. In the few moments before he pulled the trigger, he said, "If I had known that all that I have done would bring me to this, I would have led a very different life. If I could live my life again, I would not be here, with the trigger in my hand and the barrel at my head." His good angel was sitting by him and, felling pity for the young, man, the angel flew to Heaven and interceded on his behalf. The in all his six-winged glory, the angel appeared before the terrified boy, and granted him his wish. "In full knowledge of what you have become, go back and begin again." And suddenly, the young man had another chance. For a time, all went well. He was sober, upright, true, thrifty. Then one night he passed a bar, and it seemed familiar to him, and he went in and gambled all he had, and he met a woman and told her he had no wife, and he stole from his employer, and spent all he could. And his debts mounted with his despair, and he decided to gamble everything on one last throw of the dice. This time, as the wheel spun and slowed, his chance would be on the black, not the red. This time, he would win. The ball fell in the fateful place, as it must. The young man had lost. He ran outside, but the men followed him, and in a brawl with the bar owner, he shot him dead, and found himself alone and hunted in a filthy attic room. He took out his revolver. He primed it. He said, "If I'd known that I could do such a thing again, I would never have risked it. I would have lived a different life. If I had known where my actions would lead me..." And his angel came, and sat by him, and took pity on him once again, and interceded for him, and... And years passed, and the young man was doing well until he came to a bar that seemed familiar to him... Bullets, revolver, attic, angel, begin again. Bar, bullets, revolver, attic, angel, begin again...angel, bar, ball, bullets...

Oh, she's got fire." Bellatrix grinned down at her. "I should smack that look off your face." Mia glared up at the older witch. "I've had worse." "You're lucky it's considered bad taste to spill blood on the morning of a marriage. Especially one so important." Bellatrix leant in close to Mia and whispered, "Maybe another day, little girl. I look forward to it. Dealing with you, my little cousin here, and all of your adorable blood-traitor friends. It's rumoured you even have a pet werewol—" Too far. "You will not touch my family, you bitch!" Sirius put his arms around Mia's waist and tugged her back several feet, shoving himself between her and Bellatrix, his eyes wide. "You dare speak to me that way? Do you have any idea who I am?" Bellatrix shrieked, her hands shaking with rage, and her eyes alight with fury. "You filthy little blood-traitor, I will enjoy watching you die screaming!" She had screamed. Mia had screamed and screamed right there in Malfoy Manor, and yet she did not die. She vividly remembered the sight of the black dog launching on top of the dark witch, jaws clamped around her throat, ripping and tearing as she struggled for air. Mia stood, unafraid as Bellatrix Lestrange looked down threateningly at her. "And I will enjoy watching you die . . . gasping.

For example, the benefits of a taxpayer bailout to a failing carmaker are immediate and evident for the carmaker, its investors, and its employees. But the financial dislocation and lost fiscal opportunities resulting from the diversion of economic resources to tax subsidies are distant and disregarded. If the carmaker files for bankruptcy, the company is able and required to streamline its operations, including reducing its workforce and employee benefits and offloading certain debt. Although this allows the newly organized company a fresh opportunity to regain profitability and survive in the longer term, including expanding and hiring down the road, the immediate upshot of the reorganization, with its downsizing, and so on, is visible and tangible. Hazlitt explained the phenomenon this way: In this lies almost the whole difference between good economics and bad. The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.

What’s it about?” Danny seemed authentically curious. “The night. It’s got its own set of rules.” “Day’s got rules too.” “Oh, I know,” Joe said, “but I don’t like them.” They stared through the mesh at each other for a long time. “I don’t understand,” Danny said softly. “I know you don’t,” Joe said. “You, you buy into all this stuff about good guys and bad guys in the world. A loan shark breaks a guy’s leg for not paying his debt, a banker throws a guy out of his home for the same reason, and you think there’s a difference, like the banker’s just doing his job but the loan shark’s a criminal. I like the loan shark because he doesn’t pretend to be anything else, and I think the banker should be sitting where I’m sitting right now. I’m not going to live some life where I pay my fucking taxes and fetch the boss a lemonade at the company picnic and buy life insurance. Get older, get fatter, so I can join a men’s club in Back Bay, smoke cigars with a bunch of assholes in a back room somewhere, talk about my squash game and my kid’s grades. Die at my desk, and they’ll already have scraped my name off the office door before the dirt’s hit the coffin.” “But that’s life,” Danny said. “That’s a life. You want to play by their rules? Go ahead. But I say their rules are bullshit. I say there are no rules but the ones a man makes for himself.

Only as a young man playing pool all night for money had he been able to find what he wanted in life, and then only briefly. People thought pool hustling was corrupt and sleazy, worse than boxing. But to win at pool, to be a professional at it, you had to deliver. In a business you could pretend that skill and determination had brought you along, when it had only been luck and muddle. A pool hustler did not have the freedom to believe that. There were well-paid incompetents everywhere living rich lives. They arrogated to themselves the plush hotel suites and Lear Jets that America provided for the guileful and lucky far more than it did for the wise. You could fake and bluff and luck your way into all of it. Hotel suites overlooking Caribbean private beaches. Bl*wj*bs from women of stunning beauty. Restaurant meals that it took four tuxedoed waiters to serve, with the sauces just right. The lamb or duck in tureen sliced with precise and elegant thinness, sitting just so on the plate, the plate facing you just so on the heavy white linen, the silver fork heavy gleaming in your manicured hand below the broad cloth cuff and mother of pearl buttons. You could get that from luck and deceit even while causing the business or the army or the government that supported you to do poorly at what it did. The world and all its enterprises could slide downhill through stupidity and bad faith. But the long gray limousines would still hum through the streets of New York, of Paris, of Moscow, of Tokyo. Though the men who sat against the soft leather in back with their glasses of 12-year-old scotch might be incapable of anything more than looking important, of wearing the clothes and the hair cuts and the gestures that the world, whether it liked to or not, paid for, and always had paid for. Eddie would lie in bed sometimes at night and think these things in anger, knowing that beneath the anger envy lay like a swamp. A pool hustler had to do what he claimed to be able to do. The risks he took were not underwritten. His skill on the arena of green cloth, cloth that was itself the color of money, could never be only pretense. Pool players were often cheats and liars, petty men whose lives were filled with pretensions, who ran out on their women and walked away from their debts. But on the table with the lights overhead beneath the cigarette smoke and the silent crowd around them in whatever dive of a billiard parlor at four in the morning, they had to find the wherewithal inside themselves to do more than promise excellence. Under whatever lies might fill the life, the excellence had to be there, it had to be delivered. It could not be faked. But Eddie did not make his living that way anymore.

Where to stash your organizational risk? Lately, I’m increasingly hearing folks reference the idea of organizational debt. This is the organizational sibling of technical debt, and it represents things like biased interview processes and inequitable compensation mechanisms. These are systemic problems that are preventing your organization from reaching its potential. Like technical debt, these risks linger because they are never the most pressing problem. Until that one fateful moment when they are. Within organizational debt, there is a volatile subset most likely to come abruptly due, and I call that subset organizational risk. Some good examples might be a toxic team culture, a toilsome fire drill, or a struggling leader. These problems bubble up from your peers, skip-level one-on-ones,16 and organizational health surveys. If you care and are listening, these are hard to miss. But they are slow to fix. And, oh, do they accumulate! The larger and older your organization is, the more you’ll find perched on your capable shoulders. How you respond to this is, in my opinion, the core challenge of leading a large organization. How do you continue to remain emotionally engaged with the challenges faced by individuals you’re responsible to help, when their problem is low in your problems queue? In that moment, do you shrug off the responsibility, either by changing roles or picking powerlessness? Hide in indifference? Become so hard on yourself that you collapse inward? I’ve tried all of these! They weren’t very satisfying. What I’ve found most successful is to identify a few areas to improve, ensure you’re making progress on those, and give yourself permission to do the rest poorly. Work with your manager to write this up as an explicit plan and agree on what reasonable progress looks like. These issues are still stored with your other bags of risk and responsibility, but you’ve agreed on expectations. Now you have a set of organizational risks that you’re pretty confident will get fixed, and then you have all the others: known problems, likely to go sideways, that you don’t believe you’re able to address quickly. What do you do about those? I like to keep them close. Typically, my organizational philosophy is to stabilize team-by-team and organization-by-organization. Ensuring any given area is well on the path to health before moving my focus. I try not to push risks onto teams that are functioning well. You do need to delegate some risks, but generally I think it’s best to only delegate solvable risk. If something simply isn’t likely to go well, I think it’s best to hold the bag yourself. You may be the best suited to manage the risk, but you’re almost certainly the best positioned to take responsibility. As an organizational leader, you’ll always have a portfolio of risk, and you’ll always be doing very badly at some things that are important to you. That’s not only okay, it’s unavoidable.

In the West there was panic when the migrants multiplied on the highways. Men of property were terrified for their property. Men who had never been hungry saw the eyes of the hungry. Men who had never wanted anything very much saw the flare of want in the eyes of the migrants. And the men of the towns and of the soft suburban country gathered to defend themselves; and they reassured themselves that they were good and the invaders bad, as a man must do before he fights. They said, These goddamned Okies are dirty and ignorant. They’re degenerate, sexual maniacs. These goddamned Okies are thieves. They’ll steal anything. They’ve got no sense of property rights. And the latter was true, for how can a man without property know the ache of ownership? And the defending people said, They bring disease, they’re filthy. We can’t have them in the schools. They’re strangers. How’d you like to have your sister go out with one of ’em? The local people whipped themselves into a mold of cruelty. Then they formed units, squads, and armed them—armed them with clubs, with gas, with guns. We own the country. We can’t let these Okies get out of hand. And the men who were armed did not own the land, but they thought they did. And the clerks who drilled at night owned nothing, and the little storekeepers possessed only a drawerful of debts. But even a debt is something, even a job is something. The clerk thought, I get fifteen dollars a week. S’pose a goddamn Okie would work for twelve? And the little storekeeper thought, How could I compete with a debtless man?

Ten New Rules for Parent–Adult Child Relations RULE #1: Your adult child has more power than you to set the terms of your relationship because they’re more willing to walk away. Basic game theory: she who cares less has more power. RULE # 2: Your relationship with your adult child needs to occur in an environment of creating happiness and personal growth, not an environment of obligation, emotional debt, or duty. RULE # 3: You are not the only authority on how well you performed as a parent. Your adult child gets to have their own narrative and opinions about the past. RULE #4: Use of guilt trips or criticism will never get you what you want from your adult child, especially if you’re estranged. RULE #5: Learning to communicate in a way that is egalitarian, psychological, and self-aware is essential to a good relationship with your adult child. RULE #6: You were the parent when you were raising your child and you’re the parent until they die. You brought your child into this world. That means that if your child is unable to take the high road, you still have to if reconciliation is your goal. RULE #7: A large financial and emotional investment in your child does not entitle you to more contact or affection than that which is wanted by them, however unjust that may seem. RULE #8: Criticizing your child’s spouse, romantic partner, or therapist greatly increases your risk of estrangement. RULE #9: Criticizing your child’s sexuality or gender identity greatly increases your risk of estrangement. RULE #10: Just because you had a bad childhood and did a better job than your parents doesn’t mean that your adult child has to accept all of the ways that they felt hurt by you.

When a country’s economy is in trouble—when it has a balance of trade deficit, for instance, and when its debts are mounting—and when the currency, therefore, is declining in value because everybody can see that the economy is bad, politicians, throughout history, have found a way of making things worse with the imposition of exchange controls. They run to the press and they say, “Listen, all you God-fearing Americans, Germans, Russians, whatever you are, we have a temporary problem in the financial market and it is caused by these evil speculators who are driving down the value of our currency—there is nothing wrong with our currency, we are a strong country with a sound economy, and if it were not for these speculators everything would be OK.” Diverting attention away from the real cause of the problem, which is their own mismanagement of the economy, politicians look to three crowds of people to blame for the regrettable situation. After the speculators come bankers and foreigners. Nobody likes bankers anyway, not even in good times; in bad times, everybody likes them less, because everybody sees them as rich and growing richer off the bad turn of events. Foreigners as a target are equally safe, because foreigners cannot vote. They do not have a say-so in national affairs, and remember, their food smells bad. Politicians will even blame journalists: if reporters did not write about our tanking economy, our economy would not be tanking. So we are going to enact this temporary measure, they say. To stem the scourge of a declining currency, we are going to make it impossible, or at least difficult, for people to take their money out of the country—it will not affect most of you because you do not travel or otherwise spend cash overseas. (See Chapter 9 and the Bernanke delusion.) Then they introduce serious exchange controls. They are always “temporary,” yet they always go on for years and years. Like anything else spawned by the government, once they are in place, a bureaucracy grows up around them. A constituency now arises whose sole purpose is to defend exchange controls and thereby assure their longevity. And they are always disastrous for a country. The free flow of capital stops. Money is trapped inside your country. And the country stops being as competitive as it once was.

...the centrality of competitiveness as the key to growth is a recurrent EU motif. Two decades of EC directives on increasing competition in every area, from telecommunications to power generation to collateralizing wholesale funding markets for banks, all bear the same ordoliberal imprint. Similarly, the consistent focus on the periphery states’ loss of competitiveness and the need for deep wage and cost reductions therein, while the role of surplus countries in generating the crisis is utterly ignored, speaks to a deeply ordoliberal understanding of economic management. Savers, after all, cannot be sinners. Similarly, the most recent German innovation of a constitutional debt brake (Schuldenbremse) for all EU countries regardless of their business cycles or structural positions, coupled with a new rules-based fiscal treaty as the solution to the crisis, is simply an ever-tighter ordo by another name. If states have broken the rules, the only possible policy is a diet of strict austerity to bring them back into conformity with the rules, plus automatic sanctions for those who cannot stay within the rules. There are no fallacies of composition, only good and bad policies. And since states, from an ordoliberal viewpoint, cannot be relied upon to provide the necessary austerity because they are prone to capture, we must have rules and an independent monetary authority to ensure that states conform to the ordo imperative; hence, the ECB. Then, and only then, will growth return. In the case of Greece and Italy in 2011, if that meant deposing a few democratically elected governments, then so be it. The most remarkable thing about this ordoliberalization of Europe is how it replicates the same error often attributed to the Anglo-American economies: the insistence that all developing states follow their liberal instruction sheets to get rich, the so-called Washington Consensus approach to development that we shall discuss shortly. The basic objection made by late-developing states, such as the countries of East Asia, to the Washington Consensus/Anglo-American idea “liberalize and then growth follows” was twofold. First, this understanding mistakes the outcomes of growth, stable public finances, low inflation, cost competitiveness, and so on, for the causes of growth. Second, the liberal path to growth only makes sense if you are an early developer, since you have no competitors—pace the United Kingdom in the eighteenth century and the United States in the nineteenth century. Yet in the contemporary world, development is almost always state led.

Put crudely, external things do have some value, but they’re not worth getting upset over—it’s a different kind of value. One way Stoics explained this was by saying that if we could put virtue on one side of a set of scales, it wouldn’t matter how many gold coins or other indifferent things piled up on the opposing side—it should never tip the balance. Nevertheless, some external things are preferable to others, and wisdom consists precisely in our ability to make these sorts of value judgments. Life is preferable to death, wealth is preferable to poverty, health is preferable to sickness, friends are preferable to enemies, and so on. As Socrates had put it earlier, such external advantages in life are good only if we use them wisely. However, if something can be used for either good or evil, it cannot truly be good in itself, so it should be classed as “indifferent” or neutral. The Stoics would say that things like health, wealth, and reputation are, at most, advantages or opportunities rather than being good in themselves. Social, material, and physical advantages actually give foolish individuals more opportunity to do harm to themselves and others. Look at lottery winners. Those who squander their sudden wealth often end up more miserable than they could have imagined. When handled badly, external advantages like wealth do more harm than good. The Stoics would go further: the wise and good man may flourish even when faced with sickness, poverty, and enemies. The true goal of life for Stoics isn’t to acquire as many external advantages as possible but to use whatever befalls us wisely, whether it be sickness or health, wealth or poverty, friends or enemies. The Stoic Sage, or wise man, needs nothing but uses everything well; the fool believes himself to “need” countless things, but he uses them all badly. Most important of all, the pursuit of these preferred indifferent things must never be done at the expense of virtue. For instance, wisdom may tell us that wealth is generally preferable to debt, but valuing money more highly than justice is a vice. In order to explain the supreme value placed on wisdom and virtue, the Stoics compared reason, our “ruling faculty,” to a king in relation to his court. Everyone in court is situated somewhere or other on the hierarchy of importance. However, the king is uniquely important because he’s the one who assigns everyone else at court a role in the hierarchy. As mentioned earlier, the Stoics call reason, the king in this metaphor, our “ruling faculty” (hegemonikon). It’s human nature to desire certain things in life, such as sex and food. Reason allows us to step back and question whether what we desire is actually going to be good for us or not. Wisdom itself is uniquely valuable because it allows us to judge the value of external things—it’s the source of everything else’s value. How therefore does it profit a man, the Stoics might say, if he gains the whole world but loses his wisdom and virtue?

Before you start feeling bad about yourself for your debt, this would be a good moment to remind yourself that money doesn't exist--it's just a system of value exchange. That's it. Pure and simple. So, if you have debt, you've received value and you've not given the equivalent value back to the particular party in the exchange yet. That's all it means. It doesn't mean you're a bad person. It doesn't mean you're a screwup. You're not hopeless. You're not a mess. You simply have more value to give.

I’d be a bum on the street with a tin cup if the markets were efficient.

The man of pseudo faith will fight for his verbal creed but refuse flatly to allow himself to get into a predicament where his future must depend upon that creed being true. He always provides himself with secondary ways of escape so he will have a way out if the roof caves in. What we need very badly these days is a company of Christians who are prepared to trust God as completely now as they know they must do at the last day. A. W. TOZER

HFM: Well, what does it mean to have an enormous mound of cash sitting around? I mean, is it like in the executive suite, it’s like the pool that Scrooge McDuck has, with gold coins, and he swims around in that, and when money is needed he takes gold coins out of the pool and uses them to pay for things? I mean, what is a pile of money? A pile of money is, for example, a deposit at a bank. Okay, well, what is a deposit at a bank? The bank’s supposed to lend that out to somebody. So a cash balance is…one company’s cash balance eventually works its way to be credit, it’s credit to somebody else. The point is that, you say a company or a person has cash sitting around, what does that mean? It means that they have consuming power, that they’ve moved consuming power intertemporally. It means that they’ve produced more than they’ve consumed in the past, so they have a right to consume more than they’re producing at some point in the future. So that just means that some party has a claim on another party. It can’t be that all of us as an economy, that we all have lots of claims on future consumption and none of us have any debt. Otherwise you would have an economy that’s entirely demonetized, it would be entirely equity, you know, we would just have claims on capital goods or on ownership of companies. You know, if you want to have money that’s not just dead pieces of paper that will be worth nothing if everybody tries to spend it at once—really my money, through an extended chain of financial relationships, is somebody else’s debt, it’s a credit to somebody else.

You, you buy into all this stuff about good guys and bad guys in the world. A loan shark breaks a guy's leg for not paying his debt, a banker throws a guy out of his home for the same reason, and you think there's a difference, like the banker's just doing his job but the loan shark's a criminal. I like the loan shark better because he doesn't pretend to be anything else, and I think the banker should be where I am sitting right now. I'm not going to live some life where I pay my fucking taxes and fetch the boss a lemonade at the company picnic and buy life insurance. Get older, get fatter, so I can join a men's club in Back Bay, smoke cigars with a bunch of assholes in a back room somewhere, talk about my squash game and my kid's grades. Die at my desk, and they'll already have scraped my name off the office door before the dirt's hit the coffin.

During the past quarter of a century, most developing countries have liberalized trade to a huge degree. They were first pushed by the IMF and the World Bank in the aftermath of the Third World debt crisis of 1982. There was a further decisive impetus towards trade liberalization following the launch of the WTO in 1995. During the last decade or so, bilateral and regional free trade agreements (FTAs) have also proliferated.Unfortunately, during this period, developing countries have not done well at all, despite (or because of, in my view) massive trade liberalization,

Kim was twenty-three, single, on her own, and at a job making $27,000 per year. She had recently started her Total Money Makeover. She was behind on credit cards, not on a budget, and barely making her rent because her spending was out of control. She let her car insurance drop because she “couldn’t afford it.” She did her first budget and two days later was in a car wreck. Since it wasn’t bad, the damage to the other guy’s car was only about $550. As Kim looked at me through panicked tears, that $550 might as well have been $55,000. She hadn’t even started Baby Step One. She was trying to get current, and now she had one more hurdle to clear before she even started. This was a huge emergency. Seven years ago George and Sally were in the same place. They were broke with new babies, and George’s career was sputtering. George and Sally fought and scraped through a Total Money Makeover. Today they are debt-free, even their $85,000 home. They have a $12,000 emergency fund, retirement in Roth IRAs, and even the kids’ college is funded. George has grown personally, his career has blossomed, and he now makes $75,000 per year while Sally stays home with the kids. One day a piece of trash flew out of the back of George’s pickup and hit a car behind him on the interstate. The damage was about $550. I think you can see that George and Sally probably adjusted one month’s budget and paid the repairs, while Kim dealt with her wreck for months. The point is that as you get in better shape, it takes a lot more to rock your world. When the accidents occurred, George’s heart rate didn’t even change, but Kim needed a Valium sandwich to calm down. Those true stories illustrate the fact that as you progress through your Total Money Makeover, the definition of an emergency that is worthy to be covered by the emergency fund changes. As you have better health insurance, disability insurance, more room in your budget, and better cars, you will have fewer things that qualify as emergency-fund emergencies. What used to be a huge, life-altering event will become a mere inconvenience.