top of page
.png){kind=small}
"That is why I decline to recognize the meremultimillionaire, the man of mere wealth, as an asset of value to any country;and especially as not an asset to my own country. If he has earned or uses hiswealth in a way that makes him a real benefit, of real use- and such is often thecase- why, then he does become an asset of real worth."
Standard
Customized
Exlpore more Economics quotes
"We can easily imagine a monetary organization which, by the exclusive use of notes or clearing-house methods, allows all transfers to be made with the instrumentality of sums of money that never change their position in space.If differences due to the geographical position of money are disregarded in this way, we get the following law for the exchange-ratio between money and other economic goods: every economic good, that is ready for consumption (in the sense in which that phrase is usually understood in commerce and technology), has a subjective use-value qua consumption good at the place where it is and qua production good at those places to which it may be brought for consumption."
"Miracle focus messages compels masses to think that the process of production is not necessary for prosperity."
"There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire."
"When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money."
"Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulatesriches."
"The oldest and most popular instrument of etatistic monetary policy is the official fixing of maximum prices. High prices, thinks the etatist, are not a consequence of an increase in the quantity of money, but a consequence of reprehensible activity on the part of 'bulls' and 'profiteers'; it will suffice to suppress their machinations in order to ensure the cessation of the rise of prices. Thus it is made a punishable offence to demand, or even to pay, 'excessive' prices."
"It is the beginning of the 'demonetization' of the notes. The process is hastened by its panic-like character. It may be possible once, twice, perhaps even three or four times, to allay the fears of the public; but eventually the affair must run its course and then there is no longer any going back. Once the depreciation is proceeding so rapidly that sellers have to reckon with considerable losses even if they buy again as quickly as is possible, then the position of the currency is hopeless."
"When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community."
"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
Explore more quotes by Theodore Roosevelt
"Most of the men had simple souls. They could relate facts, but they said very little about what they dimly felt."
"It is never worth while to absolutely exhaust one's self or to take big chances unless for an adequate object."
"We did everything possible to keep up the spirits of the men, but it was exceedingly difficult because there was nothing for them to do."
"The reader, the booklover, must meet his own needs without paying too much attention to what his neighbors say those needs should be."
"The men worked hard and faithfully. As a rule, in spite of the number of rough characters among them, they behaved very well. One night a few of them went on a spree, and proceeded "to paint San Antonio red." One was captured by the city authorities, and we had to leave him behind us in jail. The others we dealt with ourselves, in a way that prevented a repetition of the occurrence."
"We demand that big business give people a square deal in return we must insist that when anyone engaged in big business honesdy endeavors to do right he shall himself be given a square deal."
"We must hold to a rigid accountability those public servants who show unfaithfulness to the interests of the nation or inability to rise to the high level of the new demands upon our strength and our resources."
bottom of page