The forgotten man at the bottom of the economic pyramid.
Interpretation
The quote highlights the plight of the most disadvantaged individuals in society who are often overlooked in economic discussions.
Franklin D. Roosevelt's quote emphasizes the importance of considering the needs and struggles of the most vulnerable members of society, often referred to as the 'forgotten man.' It serves as a reminder that economic policies should prioritize the welfare of those at the bottom of the socioeconomic hierarchy, ensuring that their voices are heard and their needs are met.
In practice
In a speech about social justice, one might quote Roosevelt to highlight the importance of supporting low-income families.
There has been one persistent theme through all Axis propaganda. This theme has been that Americans are admittedly rich, that Americans have considerable industrial power - but that Americans are soft and decadent, that they cannot and will not unite and work and fight. ... Let them tell that to the Marines!
The only limit to our realization of tomorrow will be our doubts of today.
A war of ideas can no more be won without books than a naval war can be won without ships. Books, like ships, have the toughest armor, the longest cruising range, and mount the most powerful guns.
Better the occasional faults of a government that lives in a spirit of charity than the consistent omissions of a government frozen in the ice of its own indifference.
Men are not prisoners of fate, but only prisoners of their own minds.
A world turned into a stereotype, a society converted into a regiment, a life translated into a routine, make it difficult for either art or artists to survive. Crush individuality in society and you crush art as well. Nourish the conditions of a free life and you nourish the arts, too.
Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.
The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.
Governments don't reduce deficits by raising taxes on the people; governments reduce deficits by controlling spending and stimulating new wealth.
The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine, and to process; and that it cannot be created by political fiat or caprice.
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