Our economy is the result of millions of decisions we all make every day about producing, earning, saving, investing, and spending.
Interpretation
The economy is shaped by the daily choices of individuals regarding their finances.
This quote by Dwight D. Eisenhower emphasizes that the economic system is not solely the result of government policies or corporate decisions but rather is built on the collective actions of millions of individuals. Every decision we make—whether it relates to producing goods, earning income, saving money, investing wisely, or spending our resources—plays a crucial role in shaping the economy as a whole.
In practice
In a classroom setting discussing economic principles.
If a man's associates find him guilty of being phony, if they find that he lacks forthright integrity, he will fail. His teachings and actions must square with each other. The first great need, therefore, is integrity and high purpose.
The libraries of America are and must ever remain the home of free and inquiring minds. To them, our citizens-of all ages and races, of all creeds and persuasions-must be able to turn with clear confidence that there they can freely seek the whole truth, unvarnished by fashion and uncompromised by expediency.
You don't lead by hitting people over the head - that's assault, not leadership.
When pressure mounts and strain increases everyone begins to show the weaknesses in his makeup. It is up to the Commander to conceal his: above all to conceal doubt, fear, and distrust.
Some years ago I became president of Columbia University and learned within 24 hours to be ready to speak at the drop of a hat, and I learned something more, the trustees were expected to be ready to speak at the passing of the hat.
I hate war as only a soldier who has lived it can, only as one who has seen its brutality, its futility, its stupidity.
We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.
We need the middle class to feel more confident about its prospects and about its future. We need to cut down on this anxiety that sees some people succeeding and the majority struggling - having to make choices between paying for their kids' education or saving for their own retirement.
No nation was ever ruined by trade.
One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.
The societies which have achieved the most spectacular broad-based economic progress in the shortest period of time are not the most tightly controlled, not necessarily the biggest in size, or the wealthiest in natural resources. No, what unites them all is their willingness to believe in the magic of the marketplace.
Economic growth without social progress lets the great majority of the people remain in poverty, while a privileged few reap the benefits of rising abundance.
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