In contrast, Thomas Jefferson and Democrats opposed hard money, preferring debts be repaid in paper.
FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt
Is there any prospect of a serious recognisable economic recovery until a greater proportion of our debts are repaid or written off?
This program will identify delinquent debtors who are Postal employees whose salaries may be offset if debts are not voluntarily repaid.
But continually using the team as collateral to rack up personal debts that cannot be repaid without more leveraging is probably not a good idea.
This program will identify delinquent debtors who are current or former Federal Government employees whose salaries or benefit payment may be offset if debts are not voluntarily repaid.
This is their best estimate, from past experience, of credit-card debts that will not be repaid.
But because of the fear in the credit markets, including concern that debts won't be repaid, the commercial paper market has all but frozen.
That said, the amount of debt maturing for private-equity owned companies pales into insignificance compared with the debts of banks that have to be repaid or refinanced in 2012.
The private losses of foreign creditors seem to be socialized because under the bailouts, their debts are transferred to the government and therefore must be repaid by taxpayers.
On one occasion, the records show, the bank got the elevation of a cleric to a bishopric delayed until his father, a cardinal (yes), had repaid his own and his son's debts.
By effecting the sale through a "pre-pack" - or fully pre-arranged - administration, JJB will be able to write off any of its debts that the buyer is unwilling to assume, and that cannot be repaid from the sale proceeds.
Not only are we morally obligated to honor our debts, but we benefit greatly from the nearly universal conviction that those who lend to us will always be repaid, on time and in full.
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