The story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.
Benjamin Graham
nations life wisdom age
Even the most conservative must realize that the recent transformation of surplus from an individual to a national disaster implies a scathing indictment of our capitalist system as it has now developed.
disaster system
It is a fact worth pondering that four centuries ago the evil of an abundance or surplus arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.
worth
The volume of credit depends upon three factors: the desire to borrow, the ability to lend and the desire to lend.
ability
Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.
trouble principles
Instead of passing blithely over into that Promised Land, flowing almost literally with milk and honey, it may be our destiny to wander a full 40 years or more in the wilderness of doubt and divided sentiments.
doubt destiny
The Reservoir plan is and engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy.
plans philosophy
It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.
wrongs food
Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.
growth
The State can always afford to finance what its citizens can soundly produce.
finance
Investment is most intelligent when it is most businesslike.
business investment
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