Famous quote by Hjalmar Schacht

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Since our economy is closely allied with that of foreign countries, not one of us can be indifferent to what consequence
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"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.

About the Author

Hjalmar Schacht This quote is written / told by Hjalmar Schacht between January 22, 1877 and June 3, 1970. He was a famous Economist from Germany. The author also have 23 other quotes.

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