Negative Real Interest

Famous quotes containing the words negative, real and/or interest:

    The idealist’s programme of political or economic reform may be impracticable, absurd, demonstrably ridiculous; but it can never be successfully opposed merely by pointing out that this is the case. A negative opposition cannot be wholly effectual: there must be a competing idealism; something must be offered that is not only less objectionable but more desirable.
    Charles Horton Cooley (1864–1929)

    He that rebels against reason is a real rebel, but he that in defence of reason rebels against tyranny has a better title to “Defender of the Faith,” than George the Third.
    Thomas Paine (1737–1809)

    As with our colleges, so with a hundred “modern improvements”; there is an illusion about them; there is not always a positive advance. The devil goes on exacting a compound interest to the last for his early share and numerous succeeding investments in them.
    Henry David Thoreau (1817–1862)