Our economy is the result of millions of decisions we all make every day about producing, earning, saving, investing, and spending.
Interpretation
The economy is shaped by the daily choices of individuals regarding their finances.
This quote by Dwight D. Eisenhower emphasizes that the economic system is not solely the result of government policies or corporate decisions but rather is built on the collective actions of millions of individuals. Every decision we make—whether it relates to producing goods, earning income, saving money, investing wisely, or spending our resources—plays a crucial role in shaping the economy as a whole.
In practice
In a classroom setting discussing economic principles.
If a man's associates find him guilty of being phony, if they find that he lacks forthright integrity, he will fail. His teachings and actions must square with each other. The first great need, therefore, is integrity and high purpose.
The libraries of America are and must ever remain the home of free and inquiring minds. To them, our citizens-of all ages and races, of all creeds and persuasions-must be able to turn with clear confidence that there they can freely seek the whole truth, unvarnished by fashion and uncompromised by expediency.
You don't lead by hitting people over the head - that's assault, not leadership.
When pressure mounts and strain increases everyone begins to show the weaknesses in his makeup. It is up to the Commander to conceal his: above all to conceal doubt, fear, and distrust.
Some years ago I became president of Columbia University and learned within 24 hours to be ready to speak at the drop of a hat, and I learned something more, the trustees were expected to be ready to speak at the passing of the hat.
I hate war as only a soldier who has lived it can, only as one who has seen its brutality, its futility, its stupidity.
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.
I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over.
Burdening people with debt is an old deal not a new deal.
If a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution.
I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.
I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. ... because I believe the big problem is not taxes, the big problem is spending.
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