You are the Master of your Fate, the Captain of your Soul.
Henry FordRead
It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.
Interpretation
People tend to overlook important economic issues until crises occur.
Henry Ford's quote highlights the tendency of individuals and society to ignore the complexities and flaws of the monetary system until a crisis, such as a depression, forces them to confront these issues. It suggests a need for proactive engagement and understanding of economic structures, rather than a reactive approach driven by hardship.
In practice
This quote can be used to encourage discussions in an economics class about the importance of understanding economic principles beyond times of crisis.
You are the Master of your Fate, the Captain of your Soul.
Work mixed with management becomes not only easier but more profitable. The time is past when anyone can boast about 'hard work' without having a corresponding result to show for it.
An Airplane takes off against the wind, not with it.
Merely gathering knowledge may become the most useless work a man can do. What can you do to help and heal the world? That is the educational test.
I cannot discover that anyone knows enough to say definitely what is and what is not possible.
A dollar put into a book and a book mastered might change the whole course of a boy's life. It might easily be the beginning of the development of leadership that would carry the boy far in service to his fellow men.
Independent economists say immigration reform will grow our economy and shrink our deficits by almost $1 trillion in the next two decades. And for good reason: when people come here to fulfill their dreams - to study, invent, and contribute to our culture - they make our country a more attractive place for businesses to locate and create jobs for everyone. So let's get immigration reform done this year.
Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists.
The trouble with capitalism as a system is that only those who have or can get capital can make it work for them, and that leaves out damn near all of us.
We need the middle class to feel more confident about its prospects and about its future. We need to cut down on this anxiety that sees some people succeeding and the majority struggling - having to make choices between paying for their kids' education or saving for their own retirement.
Fair treatment in the work force is no longer exclusively a labor issue, nor is it a women's issue - it is a fundamental economic issue.
The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.
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