"Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves"
- Herbert Hoover
About this Quote
This quote by Herbert Hoover is emphasizing the value of private action in the economy. He is saying that economic anxiety can not be resolved by federal government intervention alone. Instead, it must be recovered by the collective action of producers and consumers. This indicates that individuals must take responsibility for their own financial decisions and want to make changes in order to enhance the economy. This might consist of things like increasing production, investing in new technologies, and taking in responsibly. By taking these actions, people can assist to create a healthier financial environment. Eventually, Hoover is worrying the importance of private action in the economy and how it can be used to assist heal financial injuries.
This quote is written / told by Herbert Hoover between August 10, 1874 and October 20, 1964. He was a famous President from USA.
The author also have 34 other quotes.
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