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"Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation and importation, have been prohibited. Exporters have been forbidden to sell for their own country's notes, importers to buy with them."
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"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire."
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Personal Development
"The State Department desperately needs to be vigorously harnessed. It has too big a role to play in the formulation of foreign policy, and foreign policy is too important to be left up to foreign service officers."
Author Name
Personal Development
"Foreign aid is neither a failure nor a panacea. It is, instead, an important tool of American policy that can serve the interests of the United States and the world if wisely administered."
Author Name
Personal Development
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
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Personal Development
"I am afraid we must make the world honest before we can honestly say to our children that honesty is the best policy."
Author Name
Personal Development
"Already, China has undermined U.S. foreign policy in efforts to gain access to oil resources in Iran and Sudan. We simply cannot separate the political and economic values of oil."
Author Name
Personal Development
"Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation and importation, have been prohibited. Exporters have been forbidden to sell for their own country's notes, importers to buy with them."
Author Name
Personal Development
"In all my public and private acts as your president, I expect to follow my instincts of openness and candor with full confidence that honesty is always the best policy in the end."
Author Name
Personal Development
"Domestic inflation reflects domestic monetary policy."
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Personal Development
"The United States has got to adopt a policy of befriending and creating allies around the world."
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Personal Development
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"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
Attitude
"Whoever wishes peace among peoples must fight statism."
Peace
"Society has arisen out of the works of peace; the essence of society is peacemaking."
Society
"Innovation is the whim of an elite before it becomes a need of the public."
Innovation
"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire."
Policy
"War... is harmful, not only to the conquered but to the conqueror."
War
"To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."
Peace
"Economically considered, war and revolution are always bad business."
Business
"Rhetorical bombast, music and song resound, banners wave, flowers and colors serve as symbols, and the leaders seek to attach their followers to their own person. Liberalism has nothing to do with all this. It has no party flower and no party color, no party song and no party idols, no symbols and no slogans. It has the substance and the arguments. These must lead it to victory."
Politics
"It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion."
Economics
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