“The good people of Dakota offered to give Calvin Coolidge a farm if he would live on it. I wouldn't advise you to give those people too much credit for generosity. There is not a farmer in any State in the West that wouldn't be glad to give him a farm if he will paint it, fix up the fences and keep up the series of mortgages that are on it. And if you think Coolidge ain't smart, you just watch him not take it.” PeopleIfsThinkingGivingRealStatesWatchesToo MuchSmartSeriesWestPaintCreditGladGenerosityFarmsFarmersGood PeopleFenceAdviseMortgageDakota Author:Will Rogers
“The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.” StatesValuesNationsUnitedResultsUnited StatesImpossibleRiskEffectsSeriousCostConsequenceDollarsFinancialCongressIllCreditConclusionDamageSenateContemplatingLegislationDefaultDisruptionLeading MeFinancial Markets Author:Ronald Reagan
“Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.” StatesHouseClassTechnologyCreditDebtCommunismExpensiveOwnersPushingGoodsWorking ClassUnbearableBankruptcy Author:Karl Marx
“There is one curious fact noticeable in regard to this thing called "luck," which is, that while it is made responsible for any turn of affairs that we feel to be discreditable to us, it rarely has credit for an opposite state of things; but, like most other faithful allies in victory, comes poorly off.” FeelsMadeStatesFactsTurnsVictoryOppositesResponsibleRegardLuckAffairCreditCuriousFaithfulAllies Author:William Matthews