The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.
Benjamin GrahamRelated topics
business concrete developing equalizer living meet national reservoir store war means higherRelated quotes
For a long time, it was believed that war was waged by armies which could not be identified with the nation itself. Professional soldiers took upon themselves the job of defending national interests, and it was understood that the war affected only them; the country itself went on living and working.
Ferdinand Buisson
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises