The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
Interpretation
Low interest rates stimulate economic activity by making investments more attractive.
This quote by Alexander Hamilton emphasizes the positive impact of low interest rates on trade and industry. When interest rates are low, businesses can borrow money more easily, leading to increased investments and economic growth. It suggests that favorable borrowing conditions encourage entrepreneurs to pursue various ventures, thereby boosting overall economic activity and benefiting society as a whole.
In practice
In a speech about economic recovery, a speaker might reference this quote to underline the importance of low interest rates.
When men, engaged in unjustifiable pursuits, are aware that obstructions may come from a quarter which bare apprehension of opposition from doing what they would with eagerness rush into if no such external impediments were to be feared.
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.
It's not tyranny we desire; it's a just, limited, federal government.
The Achaeans soon experienced, as often happens, that a victorious and powerful ally is but another name for a master.
The people are turbulent and changing; they seldom judge right or make good decision.
The true principle of a republic is that the people should choose whom they please to govern them. Representation is imperfect, in proportion as the current of popular favor is checked. The great source of free government, popular election, should be perfectly pure, and the most unbounded liberty allowed.
What brought mass innovation to a nation was not scientific advances - its own or others' - but 'economic dynamism': the desire and the space to innovate.
Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.
A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.
The gap between rich and poor is widening dramatically. There's a hangar at the Cairo airport for private jets, billionaires are on the Forbes list, and Egypt's annual per-capita income is two thousand dollars. How can you sustain that?
Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism.
A nation's economy is more than its markets, tastes, technologies and property rights.
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