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.
There would be plenty of justification to raise revenues in order to subsidize businesses that employ low-wage workers. But there can be no justification for pandering to the economy's entire bottom half merely to attract its votes.
Prosperity cannot be restored by raids upon the public Treasury.
One of the most powerful insights in economics is this idea of a division of labor. You do the thing you're good at. Other people do something else that they're good at. The net effect is better for everybody.
When a nation is over-reliant on one or two commodities like oil or precious minerals, corrupt government ministers and their dodgy associates hoard profits and taxes instead of properly allocating them to schools and hospitals.
The desire for economic prosperity is itself not culturally determined but almost universally shared
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
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