“Modern economies rely on debt, which encourages productivity and growth. But that system of credit requires consequences for debtors who default.”

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Originally said in English.

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About Michael J. Knowles

Michael J. Knowles is quoted here; further biographical details are not publicly available.

More from Michael J. Knowles (100 quotes) →
"Modern economies rely on debt, which encourages productivity and grow…" — Michael J. Knowles | Daily Quotes