QuoteProject
Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation . . . to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts.
Ronald Reagan
ShareWTF𝕏

Interpretation

What this quote means

Mutual trade is essential for economic stability and growth.

This quote emphasizes the importance of constructive trade between nations as a foundational strategy for achieving lasting prosperity. Rather than relying on aid, Reagan advocates for a system of mutually beneficial economic relationships, suggesting that true stability comes from sustainable partnerships that enhance productivity and wealth creation for all involved parties.

Themes

TradeEconomicsProsperityExchangeNations

In practice

Example use cases

In a business conference discussing international relations, one could cite this quote to illustrate the benefits of fair trade agreements.

More from Ronald Reagan

Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Ronald ReaganRead
Our status as a free society and world power is not based on brute strength. When we've taken up arms, it has been for the defense of freedom for ourselves and for other peaceful nations who needed our help. But now, faced with the development of weapons with immense destructive power, we've no choice but to maintain ready defense forces that are second to none. Yes, the cost is high, but the price of neglect would be infinitely higher.
Ronald ReaganRead
I'm spending more time at this library in four days than I did at the Eureka College Library in four years.
Ronald ReaganRead
I'm not a politician by profession. I am a citizen who decided I had to be personally involved in order to stand up for my own values and beliefs. My candidacy is based on my record, and for that matter, my entire life.
Ronald ReaganRead
My fellow citizens, our nation is poised for greatness. We must do what we know is right, and do it with all our might. Let history say of us: "These were golden years - when the American Revolution was reborn, when freedom gained new life, and America reached for her best."
Ronald ReaganRead
We must have faith in the people of this country and faith in our principles.
Ronald ReaganRead

Similar quotes

To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
Paul SamuelsonRead
The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
George SorosRead
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
Henry PaulsonRead
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Ben BernankeRead
We plutocrats need to get this trickle-down economics thing behind us: this idea that the better we do, the better everyone else will do. It's not true. How could it be? I earn 1,000 times the median wage, but I do not buy 1,000 times as much stuff, do I?
Nick HanauerRead
If workers are more insecure, that's very 'healthy' for the society, because if workers are insecure, they won't ask for wages, they won't go on strike, they won't call for benefits; they'll serve the masters gladly and passively. And that's optimal for corporations' economic health.
Noam ChomskyRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by Ronald Reagan | QuoteProject