Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Ronald ReaganRead
Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation . . . to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts.
Interpretation
What this quote means
Mutual trade is essential for economic stability and growth.
This quote emphasizes the importance of constructive trade between nations as a foundational strategy for achieving lasting prosperity. Rather than relying on aid, Reagan advocates for a system of mutually beneficial economic relationships, suggesting that true stability comes from sustainable partnerships that enhance productivity and wealth creation for all involved parties.
Themes
TradeEconomicsProsperityExchangeNations
In practice
Example use cases
In a business conference discussing international relations, one could cite this quote to illustrate the benefits of fair trade agreements.
More from Ronald Reagan
All quotes →Our status as a free society and world power is not based on brute strength. When we've taken up arms, it has been for the defense of freedom for ourselves and for other peaceful nations who needed our help. But now, faced with the development of weapons with immense destructive power, we've no choice but to maintain ready defense forces that are second to none. Yes, the cost is high, but the price of neglect would be infinitely higher.
Ronald ReaganRead
I'm spending more time at this library in four days than I did at the Eureka College Library in four years.
Ronald ReaganRead
I'm not a politician by profession. I am a citizen who decided I had to be personally involved in order to stand up for my own values and beliefs. My candidacy is based on my record, and for that matter, my entire life.
Ronald ReaganRead
My fellow citizens, our nation is poised for greatness. We must do what we know is right, and do it with all our might. Let history say of us: "These were golden years - when the American Revolution was reborn, when freedom gained new life, and America reached for her best."
Ronald ReaganRead
We must have faith in the people of this country and faith in our principles.
Ronald ReaganRead
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So Europe needs to be competitive and we also need to be competitive if we wish to remain an interesting economic partner for the United States. This has to be done on the basis of strength, of competitiveness.
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It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.
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When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
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