A number of non-banking finance companies have entered the rural microcredit market. Many microcredit agencies have been charging interest rates not very dissimilar to those charged by moneylenders. Borrowing then becomes more to meet pressing consumption needs, rather than for farming or small-scale enterprises.
Copy QuoteIt is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Copy Quote View & ShareOur incomes are like our shoes; if too small, they gall and pinch us; but if too large, they cause us to stumble and to trip.
Copy Quote View & ShareUnder capitalism, man exploits man. Under communism, it's just the opposite.
Copy Quote View & ShareThe way to become rich is to put all your eggs in one basket and then watch that basket.
Copy Quote View & ShareAs sure as the spring will follow the winter, prosperity and economic growth will follow recession.
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