“But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.” StatesWisdomMovingPoliticsUnitedUnited StatesEconomyCarLowsLiberalismQuantitySteelInflationFluid Author:John Chamberlain
“All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in the United States, but let me tell you something: about 15 million of those people could save their dividends for 10 years and maybe buy a new suit. That's not what I call capitalism.” PeopleKnowsYearsDoeStatesWisdomPoliticsUnitedMillionsUnited StatesEconomyPlansNew YorkCapitalismLet MeSuitsLiberalismCapitalistDividendsShareholdersStock ExchangeNew York StockNew York Stock Exchange Author:Louis O. Kelso
“If we functionally define a capitalist household as one that receives at least half of the annual income it spends on consumption in the form of return on invested capital, less than 1 percent of United States households are capitalists.” IfsStatesWisdomFormPoliticsUnitedHalfUnited StatesEconomyReturnPercentIncomeLiberalismCapitalistHouseholdConsumptionAnnuals Author:Louis O. Kelso
“Do not confuse objectives with methods. When the nation becomes substantially united in favor of planning the broad objectives of civilization, then true leadership must unite thought behind definite methods.” WisdomPoliticsNationsUnitedBehindsEconomyCivilizationMethodFavorsPlanningObjectivesLiberalismBroadsDefiniteTrue LeaderTrue Leadership Book:Public Papers of the Presidents of the United States: F.D. Roosevelt, 1937, Volume 6 Source: Public Papers of the Presidents of the United States: F.D. Roosevelt, 1937, Volume 6
“If ever America undergoes great revolutions, they will be brought about by the presence of the black race on the soil of the United States - that is to say, they will owe their origin not to the equality but to the inequality of conditions.” IfsStatesWisdomAmericaPoliticsBlackUnitedRaceUnited StatesEconomyConditionsRevolutionInequalitySoilLiberalismBlack Race Author:Alexis de Tocqueville