Absolute freedom of the press to discuss public questions is a foundation stone of American liberty.
Herbert HooverRead
The budget should be balanced not by more taxes, but by reduction of follies.
Interpretation
Hoover suggests that instead of raising taxes, governments should cut unnecessary expenses.
In this quote, Herbert Hoover emphasizes that a balanced budget should be achieved through prudent financial management, rather than placing a heavier burden on taxpayers. He advocates for reducing wasteful expenditures, or 'follies', which reflects a philosophy of fiscal responsibility and efficiency in governance.
In practice
This quote could be used in a speech about fiscal policy at a government conference.
Absolute freedom of the press to discuss public questions is a foundation stone of American liberty.
No prosaic description can portray the grandeur of 40 miles of rugged mountains rising beyond a placid lake in which each shadowy precipice and each purple gorge is reflected with a vividness that rivals the original.
Blessed are the young for they shall inherit the national debt.
Peace is not made at the council table or by treaties, but in the hearts of men.
Words without actions are the assassins of idealism.
There is no more cruel illusion than that war makes a people richer.
Raising the minimum wage allows business people to stop thinking about workers simply as costs to be cut and allows you to start thinking about workers as customers to be cultivated.
Instead of presiding over an economic system that panders to big business and a wealthy elite, a more human economy must be established which meets the needs of African women and young people.
In financial terms, my sense is that the distribution of wealth, unequal as it is, is self-perpetuating, and, especially in a linked and accelerating world, the rich get ever more quickly richer while the poor get ever more speedily poorer.
It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.
Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.
The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
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