To the generous mind the heaviest debt is that of gratitude, when it is not in our power to repay it.
Benjamin FranklinRead
No nation was ever ruined by trade.
Interpretation
Trade can bring wealth and prosperity to a nation.
Benjamin Franklin's quote emphasizes the idea that trade is beneficial to nations, helping them prosper economically. It suggests that trade creates opportunities, fosters relationships between different cultures, and leads to mutual advancement instead of destruction or ruin.
In practice
This quote could be used in a speech about the importance of international trade policies.
To the generous mind the heaviest debt is that of gratitude, when it is not in our power to repay it.
He'll cheat without scruple, who can without fear.
[E]very Man who comes among us, and takes up a piece of Land, becomes a Citizen, and by our Constitution has a Voice in Elections, and a share in the Government of the Country.
Our Constitution is in actual operation; everything appears to promise that it will last; but in this world nothing is certain but death and taxes.
Let honesty and industry be thy constant companions, and spend one penny less than thy clear gains; then shall thy pocket begin to thrive; creditors will not insult, nor want oppress, nor hungerness bite, nor nakedness freeze thee
I think that a young state, like a young virgin, should modestly stay at home, and wait the application of suitors for an alliance with her; and not run about offering her amity to all the world; and hazarding their refusal. Our virgin is a jolly one; and tho at present not very rich, will in time be a great fortune, and where she has a favorable predisposition, it seems to me well worth cultivating.
If Europe today accounts for just over 7 per cent of the world's population, produces around 25 per cent of global GDP and has to finance 50 per cent of global social spending, then it's obvious that it will have to work very hard to maintain its prosperity and way of life.
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth of the economy.
That economic decisions are made without certain knowledge of the consequences is pretty self-evident. But, although many economists were aware of this elementary fact, there was no systematic analysis of economic uncertainty until about 1950.
Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics.
Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.
The need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe.
Subscribe for the occasional hand-picked quote. No noise.