Posts Tagged ‘james buchan’
James Buchan: Foreign Aid Workers
on Monday, August 8, 2022Meaning of James Buchan Money Quote: saying that foreign aid people can overburden damaged economies by being consumers. James Buchan said:
“By pouring money and goods into devastated regions, foreign aid workers sometimes compound the disruption and debauch the survivors” — James Buchan
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James Buchan: Suicidal Banking
on Tuesday, May 25, 2021James Buchan Money Quote saying bankers commit dangerous and self-destructive things that put their depositors at risk. James Buchan said:
“At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid” — James Buchan
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