Herbert Hoover Quotes

Trust is central to an economy that works.

The most important element for any economy is confidence.

As a very important source of strength and security, cherish public credit.

The most essential factor to economic recovery today [1932] is the restoration of confidence.

Let's make sure that there is certainty during uncertain times in our economy.

When you are insecure, it turns people off. To spend money, people have to give away a part of their security. When they make the transfer of money to you, they have to feel solid; they have to feel they are getting something that will make them more, because they are paying out and becoming less right now. If you are solid and contained and secure, it helps them feel solid, so they transfer their cash more readily.

The circulation of confidence is better than the circulation of money.

If you're going to grow the economy, if people are going to have more income, you have to have stability in the marketplace.

I think the most important thing that I think everyone in America must have is belief that wherever they live, whatever station they have in life, that the American dream is alive and well. I think the fracturing of trust and confidence is in the American dream.

Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.

In order to work well, markets need a basic level of trust.

Public trust is essential to public safety.

I pledge you, I pledge myself, to a new deal for the American people.

Thou hast entrusted the reins of counsel into the hands of the representatives of the people. Thou, indeed, hast done well, for thereby the foundations of the edifice of thine affairs will be strengthened, and the hearts of all that are beneath thy shadow, whether high or low, will be tranquilized.

We suffer more … when we fall from a better to a worse situation, than we ever enjoy when we rise from a worse to a better. Security, therefore, is the first and the principal object of prudence.

The health of a nation is not just about its consumption expenditures …. one of the things that makes America such a great nation, and why so many people aspire to this American ideal of middle-class security, is that it's about more than that. It's about more than how much you can purchase with the dollar. It's about this feeling of security and about being able to give your kids a better life than you had. And that is really the foundation—one of the major founding principles of our country

The American people are complaining of a pitiful lack of leadership. No one offers any program which promises even a return of former good times, much less any that satisfies the people's legitimate demand for a new kind of prosperity, a stabilized prosperity — steady, trustworthy and sound.

Trust me: it's cool to invest.

We are currently gradually stabilizing our economy.

There is no cause to worry. The high tide of prosperity will continue.

I am convinced that ... we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented.

This economy doesn't work well without the lubrication of credit and trust.

The middle class is both real and aspirational. And I want to make sure that it remains strong and it gives people a sense of security and confidence and optimism about their futures.

Labour economic stability has replaced Tory boom and bust

There was a time when "sound as a dollar" was a description, not a joke.