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— Thomas Otway"Home I would go But that my doors are hateful to my eyes, Fill'd and damm'd up with gaping creditors, Watchful as fowlers when their game will spring."
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When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners.
— Michael Hudson
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As to the rout that is made about people who are ruined by extravagance, it is no matter to the nation that some individuals suffer. When so much general productive exertion is the consequence of luxury, the nation does not care though there are debtors; nay, they would not care though their creditors were there too.
— Samuel Johnson
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