Absolute freedom of the press to discuss public questions is a foundation stone of American liberty.
Herbert HooverRead
The budget should be balanced not by more taxes, but by reduction of follies.
Interpretation
Hoover suggests that instead of raising taxes, governments should cut unnecessary expenses.
In this quote, Herbert Hoover emphasizes that a balanced budget should be achieved through prudent financial management, rather than placing a heavier burden on taxpayers. He advocates for reducing wasteful expenditures, or 'follies', which reflects a philosophy of fiscal responsibility and efficiency in governance.
In practice
This quote could be used in a speech about fiscal policy at a government conference.
Absolute freedom of the press to discuss public questions is a foundation stone of American liberty.
No prosaic description can portray the grandeur of 40 miles of rugged mountains rising beyond a placid lake in which each shadowy precipice and each purple gorge is reflected with a vividness that rivals the original.
Blessed are the young for they shall inherit the national debt.
Peace is not made at the council table or by treaties, but in the hearts of men.
Words without actions are the assassins of idealism.
There is no more cruel illusion than that war makes a people richer.
War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
Political economy came into being as a natural result of the expansion of trade, and with its appearance elementary, unscientific huckstering was replaced by a developed system of licensed fraud, an entire science of enrichment.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
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