Quote by Ralph Waldo Emerson

We estimate the wisdom of nations by seeing what they did with their surplus capital.

We estimate the wisdom of nations by seeing what they did wi

Summary

This quote suggests that the intelligence and judgment of a nation can be gauged by observing how they manage their excess capital. It implies that a nation's ability to utilize its surplus funds wisely indicates their level of wisdom or sagacity as a collective entity. By evaluating how a country chooses to invest or allocate its surplus resources, one can gain insights into their overall economic strategies and decision-making processes.

Topics

Money

By Ralph Waldo Emerson

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