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Quote by Herbert Hoover

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The Wit and Wisdom of Herbert Hoover: A Compilation of Many of His Quotations

This book presents a curated selection of quotes from the renowned statesman and former President of the United States, Herbert Hoover. The quotations cover a wide range of topics, reflecting his insights on leadership, economic policy, and the role of government in society. Hoover's wit and wisdom are highlighted through his thoughtful and often profound statements, offering readers a glimpse into his perspective on the complexities of public life. more

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Herbert Hoover
Herbert Hoover

Herbert Hoover, the 31st President of the United States, was born on August 10, 1874, and died on October 20, 1964. A distinguished engineer, businessman, and philanthropist, he served as the United States Secretary of Commerce and as the Director of the United States Food Administration during World War I. As President, Hoover implemented a series of policies aimed at alleviating the Great Depression, but his approach was widely criticized. more

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“Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.”

“Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation." "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.”

“Many Americans who supported the initial thrust of civil rights, as represented by the Brown v. Board of Education decision and the Civil Rights Act of 1964, later felt betrayed as the original concept of equal individual opportunity evolved toward the concept of equal group results.”