"Since our economy is closely allied with that of foreign countries, not one of us can be indifferent to what consequences these disturbances can have at home and abroad"
- Hjalmar Schacht
About this Quote
This quote by Hjalmar Schacht speaks with the interconnectedness of the international economy. He is highlighting that considering that our economy is carefully connected to that of other countries, we can not be indifferent to the consequences of financial disturbances in other nations. He is warning that these disruptions can have a ripple effect, affecting our economy in your home and abroad. This quote is especially appropriate today, as the global economy is more interconnected than ever before. In the age of globalization, financial disruptions in one country can have a domino effect, impacting economies around the globe. For that reason, it is very important for nations to be knowledgeable about the possible repercussions of economic disturbances in other nations, and to take actions to reduce the effect on their own economy.
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