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Economy Quotes

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Economy Quotes

“Germany is a country that has absolutely had to since the Second World War ask itself massive moral questions. And it's reforged its identity based on culture. I mean, the amount of artists living and working in Berlin is unparalleled. It's one of the strongest economies, not only in Europe, but globally, and it's because of its understanding of the importance of culture.”

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

“The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most meaningful types of private property and free contracting disappear from the moral horizon of the people.”

“The basic struggle today is not between individualism and collectivism, free enterprise and socialism, democracy and dictatorship. These are only the superficial manifestations of a deeper struggle which is moral and spiritual and involves above all else whether man shall exist for the state, or the state for man, and whether freedom is of the spirit or a concession of a materialized society.”

“I can assure you that there is the greatest practical benefit in making a few failures early in life. You learn that which is of inestimable importance that there are a great many people in the world who are just as clever as you are. You learn to put your trust, by and by, in an economy and frugality of the exercise of your powers, both moral and intellectual; and you very soon find out, if you have not found it out before, that patience and tenacity of purpose are worth more than twice their weight of cleverness.”

“We in the Congress have a moral and constitutional obligation to protect the value of the dollar and to understand why it is so important to the economy that a central bank not be given the unbelievable power of inflating a currency at will and pretending that it knows how to fine-tune an economy through this counterfeit system of money.”