A Quote by Herbert Hoover

Prosperity cannot be restored by raids upon the public Treasury. — © Herbert Hoover
Prosperity cannot be restored by raids upon the public Treasury.
A democracy cannot exist as a permanent form of government. It can only exist until a majority of voters discover that they can vote themselves largess out of the public treasury.
During part of 1941 and 1942, when the Luftwaffe was busy in Russia, the German radio regaled its home audience with stories of devastating air raids on London. Now, we are aware that those raids did not happen. But what use would our knowledge be if the Germans conquered Britain? For the purpose of a future historian, did those raids happen, or didn't they? The answer is: If Hitler survives, they happened, and if he falls they didn't happen.
Democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasure. From that moment on, the majority always votes for the candidate promising the most benefit from the public treasury, with the result that democracy always collapses over a loose fiscal policy, always to be followed by a dictatorship, and then a monarchy.
Real prosperity comes from everybody in the country working together in a growth mode. Real prosperity comes as a result of people's own initiative and efforts and so forth. Prosperity, if it comes from the government, is not prosperity. It's an existence or a subsistence or whatever, but it isn't prosperity.
You cannot create prosperity by law. Sustained thrift, industry, application, intelligence, are the only things that ever do, or ever will, create prosperity. But you can very easily destroy prosperity by law.
The public subsidies provided to miners, loggers, and ranchers are as extravagant and as harmful to the public interest as the subsidies that the Federal Reserve and Treasury provide to the 'banks too big to fail.'
Fundamentally, the basis of all modern progress is the efficiency of labor. And the only sure road to restored prosperity is through the thrift and hard work of our people as a whole.
No-knock police raids destroy Americans' right to privacy and safety. People's lives are being ruined or ended as a result of unsubstantiated assertions by anonymous government informants. ... Unfortunately, no-knock raids are becoming more common as federal, state, and local politicians and law enforcement agencies decide that the war on drugs justified nullifying the Fourth Amendment. ... No-knock raids in response to alleged narcotics violations presume that the government should have practically unlimited power to endanger some people's lives in order to control what others ingest.
The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.
At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.
You cannot bring about prosperity by discouraging thrift. You cannot establish sound security on borrowed money. You cannot keep out of trouble by spending more than you earn.
There were air raids at night. The factory was dark and dirty. And I remember thinking - well - I must find somebody or something because like this I cannot go on.
Restored' has been about how God has restored my life.
You cannot bring about prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage-earner by pulling down the wage-payer. You cannot help the poor man by destroying the rich. You cannot keep out of trouble by spending
We have had good and bad Presidents, and it is a consoling reflection that the American Nation possesses such elements of prosperity that the bad Presidents cannot destroy it, and have been able to do no more than slightly to retard the public's advancement.
There is no secret to how to attain prosperity. The Universe supports and rewards us for taking risks on things that matter to the Universe. When we remember this, the mysteries about prosperity disappear, and prosperity stands explained. Prosperity will then manifest itself easily provided the Universe agrees that we are doing the right things in our lives to deserve this prosperity.
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