They criticize me for harping on the obvious; if all the folks in the United States would do the few simple things they know they ought to do, most of our big problems would take care of themselves.
Calvin CoolidgeRead
Economy is the method by which we prepare today to afford the improvements of tomorrow.
Interpretation
Economy allows us to manage resources effectively now to enable future growth and improvements.
This quote by Calvin Coolidge emphasizes the importance of economic planning and resource management. It suggests that by being prudent with our resources today, we can lay the groundwork for advancements and improvements in the future, highlighting the interplay between present decisions and future outcomes.
In practice
In a speech about sustainable development, a speaker could use this quote to emphasize the importance of economic planning.
They criticize me for harping on the obvious; if all the folks in the United States would do the few simple things they know they ought to do, most of our big problems would take care of themselves.
It is difficult for men in high office to avoid the malady of self-delusion. They are always surrounded by worshipers. They are constantly, and for the most part sincerely, assured of their greatness.
America's present need is not heroics, but healing; not nostrums, but normalcy; not revolution, but restoration; not agitation, but adjustment; not surgery, but serenity; not the dramatic, but the dispassionate; not experiment, but equipoise; not submergence in internationality, but sustainment in triumphant nationality.
No method of procedure has ever been devised by which liberty could be divorced from local self-government. No plan of centralization has ever been adopted which did not result in bureaucracy, tyranny, inflexibility, reaction, and decline.
Whether one traces his Americanism back three centuries to the Mayflower, or three years to the steerage, is not half so important as whether his Americanism of today is real and genuine. No matter by what various crafts we came here, we are all now in the same boat.
The foundations of our society and our government rest so much on the teachings of the Bible that it would be difficult to support them if faith in these teachings would cease to be practically universal in our country.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
That's why the American Recovery & Reinvestment Plan won't just throw money at our problems, we'll invest in what works
It's not that other countries steal jobs from you guys. It's your strategy. Distribute the money and things in a proper way.
It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an expectation that government will do whatever it takes to rescue that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' must address the causes of this expectation.
Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?
This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.
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