If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.
Walter WristonAs long as capital-both human and money-can move toward opportunity, trade will not balance.
Walter WristonIt is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.
Walter WristonThere'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.
Walter WristonThe person who figures out how to harness the collective genius of his or her organization is going to blow the competition away.
Walter WristonCountries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources donโt go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.
Walter Wriston