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"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."
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Exlpore more Economics quotes
"Your money myth affects your gain and luck.In economics, illusion of money affects wealth."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard."
"Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."
"Miracle focus messages compels masses to think that the process of production is not necessary for prosperity."
"Paper money in time of war, the new notes will first go into the pockets of the war contractors. 'As a result, these persons' demands for certain articles will increase and so also the price and the sale of these articles, but especially in so far as they are luxury articles. Thus the position of the producers of these articles will be improved, their demand for other commodities will also increase, and thus the increase of prices and sales will go on, distributing itself over a constantly augmented number of articles, until at last it has reached them all."
Explore more quotes by Theodore Roosevelt
"A man who is good enough to shed his blood for the country is good enough to be given a square deal afterwards."
"It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things."
"We should not take part in acting a lie any more than in telling a lie. Weshould not say that men are equal where they are not equal, nor proceed uponthe assumption that there is an equality where it does not exist; but we shouldstrive to bring about a measurable equality, at least to the extent of preventingthe inequality which is due to force or fraud."
"The leaders of thought and of action grope theirway forward to a new life, realizing, sometimes dimly, sometimes clear-sightedly,that the life of material gain, whether for a nation or an individual, is of valueonly as a foundation, only as there is added to it the uplift that comes fromdevotion to loftier ideals."
"Most of the men had simple souls. They could relate facts, but they said very little about what they dimly felt."
"It is true of the Nation, as of the individual, that the greatest doer must also be a great dreamer."
"Our fight is a fundamental fight against both of the old corrupt party machines, for both are under the dominion of the plunder league of the professional politicians who are controlled and sustained by the great beneficiaries of privilege and reaction."
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