Famous quotes containing the words sovereign, debt and/or crisis:
“If we study nature attentively, alike in its great revolutions and in its minutest works, it is impossible not to admit enchantment—giving the word its fullest meaning. Man can create no force; he can but use the only existing force, which includes all others, namely, Motion—the incomprehensible Breath of the sovereign maker of the universe.”
—Honoré De Balzac (1799–1850)
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (1872–1933)
“In crisis is cleverness born.”
—Chinese proverb.