Economic Ruin Quotes

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks… The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government.

It goes to establish a just and permanent principle of trade which puts an end to all serious fluctuations in prices and consequently, to all the insecurity and ruin which these fluctuations produce; and to build up those who are already ruined.

Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.

State ownership! It leads only to absurd and monstrous conclusions; state ownership means state monopoly, concentrated in the hands of one party and its adherents, and that state brings only ruin and bankruptcy to all.

But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.

I'm the catalyst for the downfall of the Blairites, the Clintonites, the Bushites, and all these dreadful people who work hand in glove with Goldman Sachs and everybody else, have made themselves rich, and ruined our countries. I couldn't be happier.

There were three causes that accounted for the proclamation of martial law in Poland. First it was the progressing economic ruin of the country. Second, it was the decomposition of the functioning of the state. And third, a threat of a civil war.

North Korea faded to black in the early 1990s. With the collapse of the Soviet Union, which had propped up its old Communist ally with cheap fuel oil, North Korea's creakily inefficient economy collapsed. Power stations rusted into ruin.

The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

No nation was ever ruined by trade.

The economic development of industrial society tends inevitably to the ruin of small industries.

there i was in late middle age, cut loose in a thoroughly looted, bankrupt nation whose assets had been sold off to foreigners, a nation swamped by unchecked plagues and superstition and illiteracy and hypnotic tv, with virtually no health services for the poor. where to go? what to do?

Every time we try to do something to improve the environment someone predicts that it will ruin the economy.

There's a danger our fiscal bankruptcy might overtake our moral bankruptcy.

Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.

Saddam Hussein, influenced by fascism, ordered the deaths of tens of thousands of people, fought two disastrous wars, turned his nation into an international pariah and ruined his country’s economy. In other words, his record is identical to George W. Bush’s.

Corporate and political and religious psychopaths ruin economies. They ruin societies.

Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.

Our commerce is on the point of being annihilated, and unless an armament is fitted out, we may very soon expect the Algerians on the coast of America. .

A manufacturing nation is, in every sense of the word, dependent on others. Look to England! Cut off from the markets of the world, misery and ruin await her.

The necessity of every one paying in his own labor for what he consumes, affords the only legitimate and effectual check to excessive luxury, which has so often ruined individuals, states and empires; and which has now brought almost universal bankruptcy upon us.

Look, half the men who signed the Declaration of Independence were either in debt or bankrupt. The remaining half, most of them lost all their possessions. The only reason Monticello didn't get burned to the ground was that the British patrol missed the road.

Abandonment of the protective policy [tariffs] ... must result in the increase in ... idleness, and so, in proportion, must produce want and ruin among our people.

We all understand that the debasement of a nation's coinage is very pernicious and must prove disastrous to its commerce. How much more dangerous is the debasement of the spiritual coinage!