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 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 WristonMany organizations are now trying to walk under the banner of The Learning Organization, realizing that knowledge is our most important product ... But the only place that I've seen it is in the Army. As one colonel said, "We realized a while ago that it's better to learn than be dead."
Walter WristonHuman capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted.
Walter Wriston