"If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days"
This quote is written / told by Jeffrey Sachs somewhere between November 5, 1954 and today. He/she was a famous Economist from USA.
The author also have 29 other quotes.
"I weep for the liberty of my country when I see at this early day of its successful experiment that corruption has been imputed to many members of the House of Representatives, and the rights of the people have been bartered for promises of office"