"In the whole sum of lending and borrowing, dishonesty probably accounts for a relatively small part of the social losses. For the most part, the hopes of both creditor and debtor, that the borrower will succeed, are sincere but illusory. The easier we make the possibility of debt, the more failures there will naturally be; consequently the greater depletion of economic wealth.

Thus surplus is always tending to destroy itself. The urgency of capital to be at work profitably overcomes it's timidity and blinds it to risks."

-A World In Debt, 1935