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