Adlai Stevenson I Quotes
There was a time when a fool and his money were soon parted, but now it happens to everybody.
Stevenson, Adlai E. The Papers of Adlai E. Stevenson, Volume IV. Edited by Walter Johnson, Little, Brown and Company, 1974.
The military had made a mess of the Argentine economy and inflation was rampant. Some Argentines turned their Argentine pesos into dollars betting that the Argentine economic situation would get worse, This run from the peso would make it worse. If Argentina stabilized the peso, speculators in dollars would lose money. The Minister trying to discourage a run from the peso, warned Argentinians against the dollar investment. A days later the dollar went up over 30%. Those who had listened to the minister lost much of their money, He was soon forced to resign by the military dictators who controlled the government.
Adlai Ewing Stevenson served as the 23rd vice president of the United States from 1893 to 1897. Previously, he served as a representative from Illinois in the late 1870s and early 1880s. After his subsequent appointment as assistant postmaster general of the United States during Grover Cleveland's first administration (1885–1889), he fired many Republican postal workers and replaced them with Southern Democrats. This earned him the enmity of the Republican-controlled Congress, but made him a favorite as Grover Cleveland's running mate in 1892, and he duly became vice president of the United States.
