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.
Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce, the tools at their disposal, and the pace of technological advance. Fiscal and regulatory policies can have important effects on these factors.
The shortage of buyers, which the world is suffering from, is readily understood, not as due to people not wishing to obtain possession of goods, but as people being unwilling to part with something which might earn a regular income in exchange for those goods.
In a globalized economy, jobs no longer need a passport, but workers do.
Poorly paid labor is inefficient labor, the world over.
If low taxes were the way that people like me created wealth, then we'd be starting our companies in the Congo or Somalia or Afghanistan, but we're not. We come to places where there are lots and lots of customers.
The market economy-capitalism-is a social system of consumers' supremacy.
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