The great men of a nation reach out to all mankind. They are unifying, not divisive; internationally conciliating and still great nationally.
Gustav StresemannRead
The economic position is only flourishing on the surface. Germany is in fact dancing on a volcano. If the short-term credits are called in, a large section of our economy would collapse.
Interpretation
What this quote means
The economic stability of Germany is deceptive, as underlying risks could lead to a significant collapse.
Gustav Stresemann's quote highlights the precarious and false sense of security in the economic landscape. While it may appear that the economy is thriving, underlying vulnerabilities exist that, if triggered, could lead to catastrophic consequences. The reference to 'dancing on a volcano' emphasizes the danger of taking risks without addressing the foundational issues that could ultimately lead to disaster.
Themes
EconomyVulnerabilityRiskCollapseGermany
In practice
Example use cases
This quote can be used in a financial seminar to discuss economic risks.
More from Gustav Stresemann
All quotes →Similar quotes
America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.
Mohamed El-ErianRead
I'm of those who believe that excesses in all matters are not a good idea, whether it's formation of bubbles, whether it's excess in the financial market, whether it's excess of inequality, it has to be watched, it has to be measured, and it has to be anticipated in terms of consequences.
Christine LagardeRead
Bailing out every bank that fails makes the system riskier, not safer.
Nassim Nicholas TalebRead
Zoning laws making housing more expensive? That's less of a problem with a universal basic income and more of a reason to put money directly into people's hands.
Andrew YangRead
Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess
Irving FisherRead
One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.
Thomas PikettyRead