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David Stockman Quotes: Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.
         

Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.


David Stockman
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Other quotes of David Stockman


Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.

Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.



It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.

It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.



The Republican Party, as much as it pains me to say this, should be ashamed of themselves.

The Republican Party, as much as it pains me to say this, should be ashamed of themselves.



The Ryan plan isn't a budget. It's the last will and testament of the Republican party.

The Ryan plan isn't a budget. It's the last will and testament of the Republican party.



Insanity has infected all the central banks of the world.

Insanity has infected all the central banks of the world.



One thing is certain. At some point global investors will lose confidence in our (U.S.) easy dollars and debt-financed prosperity, and then the chickens will come home to roost.

One thing is certain. At some point global investors will lose confidence in our (U.S.) easy dollars and debt-financed prosperity, and then the chickens will come home to roost.



A veritable incubator of short cuts, schemes and devices to overcome the truth.

A veritable incubator of short cuts, schemes and devices to overcome the truth.



Kemp-Roth was always a Trojan horse to bring down the top rate.

Kemp-Roth was always a Trojan horse to bring down the top rate.



I'm just not going to spend a lot of political capital solving some other guy's problem in 2010.

I'm just not going to spend a lot of political capital solving some other guy's problem in 2010.



Let's have honest interest rates. Let's let the free market set interest rates in that zone where supply of savings is matched up with demand for real borrowing for capital projects.

Let's have honest interest rates. Let's let the free market set interest rates in that zone where supply of savings is matched up with demand for real borrowing for capital projects.





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Here comes old Rosie she's looking mighty fine, here comes hot Nancy she's steppin' right on time. There go the street lights bringing on the night, here come the men faces hidden from the light.

Here comes old Rosie she's looking mighty fine, here comes hot Nancy she's steppin' right on time. There go the street lights bringing on the night, here come the men faces hidden from the light.



What is called an acute knowledge of human nature is mostly nothing but the observer's own weaknesses reflected back from others.

What is called an acute knowledge of human nature is mostly nothing but the observer's own weaknesses reflected back from others.



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Quote Description


This page presents the quote "Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.". Author of this quote is David Stockman. This quote is about money, speculators, main street, too much, debt,.