Prosperity cannot be restored by raids upon the public Treasury.
About this quote
- What does it mean?
- Trying to fix prosperity by spending public money recklessly will not work.
- In plain terms
- Spending public funds freely cannot restore prosperity.
- What can you take from it?
- Avoid fiscal shortcuts when fixing the economy.
Where it applies
Putting it to work
Questions to consider
- How should the treasury be used?
- What restores prosperity?
Another view
Some public spending can stimulate recovery during deep downturns.
More from Herbert Hoover
This is not a showman's job. I will not step out of character.
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