Dwight D. Eisenhower: Sound Dollar

Meaning of Dwight D. Eisenhower Money Quote: saying stability of the dollar keeps prices acceptable and stops dwindling of assets. Dwight D. Eisenhower said:
 

 

“For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies” — Dwight D. Eisenhower

In this quote, Dwight D. Eisenhower is emphasizing the importance of maintaining a “sound dollar” or stable currency for all Americans. He argues that without a sound dollar with steady value, every family would experience a resurgence of inflation where the cost of living continually rises.

Eisenhower also states that unsound monetary policy would lead to people’s savings and life insurance policies gradually losing value over time due to inflation. His point is that inflation erodes purchasing power and the real value of people’s financial assets.

So in summary, the quote is asserting that a sound, stable dollar with low and predictable inflation is crucial for every American family’s economic well-being and security, as high and volatile inflation would negatively impact their cost of living, savings, and insurance policies by diminishing their real spending power and returns over the long run. Eisenhower sees maintaining a sound currency as vital to Americans’ financial welfare.

Birthday: October 14, 1890 – Death: March 28, 1969

Dwight D. Eisenhower: Cost of War

Dwight D. Eisenhower Money Quote saying the amount that is spent for the implements of war could build homes, roads, provide food and all the needs of a wealthy society many times over. Dwight D. Eisenhower said:
 

 

“The cost of one modern heavy bomber is this; a modern brick school in more than 30 cities; it is two electric power plants, each serving a town of 60,000 population; it is two fine, fully equipped hospitals; it is some 50 miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat the best way of life to be found on the road the world has been taking. This is not a way of life at all in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron” — Dwight D. Eisenhower

Based on the context and Eisenhower’s presidency, it can be inferred that he delivered this message sometime during the 1950s when he served as President from 1953 to 1961. This was during the peak of the Cold War and arms race between the United States and Soviet Union, so Eisenhower likely aimed these remarks at persuading for reduced military spending and a refocusing of resources on social programs.

In this quote, Dwight D. Eisenhower is lamenting how resources spent on advanced weapons and military technology could instead be used to improve people’s lives if directed towards needs like education, infrastructure and healthcare.

He argues that the cost of a single bomber, fighter plane or destroyer exceeds what it could provide in terms of schools, hospitals, housing and other beneficial projects.

Eisenhower’s interpretation is that continually prioritizing defense over development through massive military budgets is not a sustainable way of life and does not serve humanity well.

His view seems to be that rising tensions and spending on arms have created an oppressive system where resources are misallocated, to the detriment of basic social and economic progress.

The overall message conveys Eisenhower’s belief that alternatives to an arms race focus could lift “humanity from a cross of iron” and enhance people’s welfare.

Birthday: October 14, 1890 – Death: March 28, 1969

Dwight D. Eisenhower: Every Gun is Theft

Dwight D. Eisenhower Money Quote saying all the money spent on the hardware of war steals from humanity and starves us of human needs. Dwight D. Eisenhower said:
 

 

“Every gun that is made, every warship launched, every rocket fired signifies a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children” — Dwight D. Eisenhower

In this quote, Dwight D. Eisenhower is criticizing the vast resources that are poured into military expenditures like weapons, ships and rockets at the expense of meeting basic human needs. His interpretation is that every defense dollar spent is essentially a “theft” from those suffering from hunger, lack of clothing or other hardships.

Eisenhower argues that the costs of arming the world extend beyond monetary terms alone – it also diverts the labor, intellect and future potential of people that could otherwise be applied to improving lives.

His view is that an overemphasis on defense over development is misguided and comes at the cost of human progress by neglecting society’s most vulnerable members. The overall message seems to be a call to refocus spending on issues like poverty alleviation rather than arms buildup.

Birthday: October 14, 1890 – Death: March 28, 1969

Dwight D. Eisenhower: Perfect Security

Dwight D. Eisenhower Money Quotation saying belief in the unattainable fantasy of perfect security will lead any nation to completely emptying their treasury to prevent war. Dwight D. Eisenhower said:
 

 

“We will bankrupt ourselves in the vain search for absolute security” — Dwight D. Eisenhower

In this quote, Dwight D. Eisenhower is warning against the futility and high economic costs of pursuing an impossible goal of “absolute security” through military or defense means alone.

His interpretation is that nations can bankrupt themselves financially and exhaust resources if they try to attain perfect safety and protection from all threats through an endless arms race and arms buildup.

Eisenhower seems to be suggesting that total security is unattainable, so focusing defense policy and spending on its vain achievement is misguided.

The underlying message of the quote appears to be that seeking absolute security through military dominance is not realistic or sustainable, and risks undermining a country through the immense costs involved in the endless search.

Birthday: October 14, 1890 – Death: March 28, 1969