"Solving a problem created by debt... by creating more debt is a fool's errand"
About this Quote
The intent is both practical and political. Practically, it’s a reminder that leverage is not neutral; it changes behavior. Once organizations learn that new borrowing will be available to patch old borrowing, discipline weakens and risk migrates from the balance sheet to the culture. Politically, the quote is legible as a critique of bailout-era thinking and debt-driven stimulus - not necessarily arguing “never borrow,” but arguing that borrowing cannot substitute for fixing the underlying cash-flow mismatch, cost structure, or governance failure that produced the crisis.
The subtext is reputational: serious operators don’t confuse financing with fundamentals. Sarkozy’s phrasing frames additional debt as not just mistaken but unserious - a “fool’s errand” - casting the borrower as someone busy, clever, and ultimately doomed by arithmetic. It’s a line designed to travel well in the post-2008, high-rate, refinancing-wall era, when markets stop rewarding perpetual rollover and start asking the oldest question in credit: who actually pays, and with what money?
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Sarkozy, Olivier. (2026, January 16). Solving a problem created by debt... by creating more debt is a fool's errand. FixQuotes. https://fixquotes.com/quotes/solving-a-problem-created-by-debt-by-creating-120627/
Chicago Style
Sarkozy, Olivier. "Solving a problem created by debt... by creating more debt is a fool's errand." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/solving-a-problem-created-by-debt-by-creating-120627/.
MLA Style (9th ed.)
"Solving a problem created by debt... by creating more debt is a fool's errand." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/solving-a-problem-created-by-debt-by-creating-120627/. Accessed 12 Feb. 2026.









