150 total quotes
The owner, the employees, and the buying public are all one and the same, and unless an industry can so manage itself as to keep wages high and prices low it destroys itself, for otherwise it limits the number of its customers. One’s own employees ought to be one’s own best customers.
We too often talk about trade while using the vocabulary of war. In war, for one side to win, the other must lose but commerce is not warfare. Trade is an economic alliance that benefits both countries; there are no losers only winners and trade helps strengthen the free world. Yet today protectionism is being used by some politicians as a cheap form of nationalism, a fig leaf for those unwilling to maintain America's military strength and who lack the resolve to stand up to real enemies, countries who would use violence against us or our allies. Our peaceful trading partners are not our enemies, they are our allies, we should beware of the demagogues who are ready to declare a trade war against our friends, weakening our economy, our national security, and the entire free world, all while cynically waving the American flag. The expansion of the international economy is not a foreign invasion, it is an American triumph.