Herbert Hoover - Economic Quotes

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Freedom requires that government keep the channels of competition and opportunity open, prevent monopolies, economic abuse and domination.

Herbert Hoover
One of the oldest and perhaps the noblest of human aspirations has been the abolition of poverty. By poverty I mean the grinding by undernourishment, cold and ignorance and fear of old age of those who have the will to work. We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us. We have not yet reached the goal, but given a chance to go forward with the policies of the last eight years, and [sic] we shall soon with the help of God be in sight of the day when poverty will be banished from this Nation. There is no guarantee against poverty equal to a job for every man. That is the primary purpose of the economic policies we advocate.

Herbert Hoover
Liberalism should be found not striving to spread bureaucracy but striving to set bounds to it. True liberalism seeks all legitimate freedom first in the confident belief that without such freedom the pursuit of all other blessings and benefits is vain. That belief is the foundation of all American progress, political as well as economic.

Herbert Hoover
Public health service should be as fully organized and as universally incorporated into our governmental system as is public education. The returns are a thousand fold in economic benefits, and infinitely more in reduction of suffering and promotion of human happiness.

Herbert Hoover
As never before does the keeping of our economic machine in tune depend upon wise policies in the administrative side of the government.

Herbert Hoover
Economic depression can not be cured by legislative action or executive pronouncement.

Herbert Hoover
It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.

Herbert Hoover
With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.

Herbert Hoover
Our social and economic system cannot march toward better days unless it is inspired by things of the Spirit. It is here that the higher purposes of individualism must find their sustenance.

Herbert Hoover
I would emphasize again that social and economic solutions, as such, will not avail to satisfy the aspirations of the people unless they conform with the traditions of our race, deeply grooved in their sentiments through a century and a half of struggle for ideals of life that are rooted in religion and fed from purely spiritual springs.

Herbert Hoover
Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.

Herbert Hoover
Along this road of spending, the government either takes over, which is Socialism, or dictates institutional and economic life, which is Fascism.

Herbert Hoover
The greatness of America has grown out of a political and social system and a method of control of economic forces distinctly its own - our American system.

Herbert Hoover
Liberalism is a force truly of the spirit proceeding from the deep realization that economic freedom cannot be sacrificed if political freedom is to be preserved.

Herbert Hoover
The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.

Herbert Hoover