Folks, you just gotta love Will Rogers! Here’s a classic quote about war and the Federal Reserve from 1929 that still rings true today.
The Federal Reserve (The Fed) is responsible for conducting the nation’s monetary policy to help maintain employment, keep prices stable, and keep interest rates relatively low. The poor folks running The Fed have their hands full, with the prices of corn, grits and gas going up, unemployment going up, and who knows what’s going to happen with inflation and interest rates.
The Fed has to react to an administrations that is trying to run the economy by stimulatin’, regulatin’, legislatin’, and bloviatin’. Businesses don’t know where the administration will strike next.
They tried to stimulate the economy with “shovel-ready jobs,” but the president just admitted that they weren’t quite as “shovel-ready as we expected.” The EPA is going bonkers with new regulations to eliminate the threat of “global warming” by shutting down the coal and oil industry. Congress passed unconstitutional health care legislation which threatens to destroy the best health care system in the world. The bloviator-in-chief keeps proclaiming “recovery” while the vice-bloviator famously proclaimed: “Just because the stimulus was a monumental failure, doesn’t mean it’s not working.”
And what about war, or wars? This gets a bit confusing these days. Depending on how you define “hostilities” we might be in two, three or four wars. Our Nobel-Peace-Prize-Winner-in-Chief wants us to refrain from “torturing” captured enemy terrorists with water-boarding, but putting a bullet in the brain of a Osama bin Laden is ok. What’s a business to do? If you manufacture water-boards, you are going out of business, but if you make bullets you will survive.
Will Rogers is right, again! Businesses are on a wild roller coaster ride, just tryin’ to stay on the tracks. They’re watching The Fed closely and hoping we don’t get into yet another war, or even another “hostility.”
In this image, Will Rogers is holding his son and spinning his lasso at the same time.
The image was taken directly from pictures at the Will Rogers Memorial Museum archive. I apologize for the quality of the image, but this is exactly what the 1920s photo looked like when I scanned it. In the hundreds of images contained in this iPhone application, I wanted to share as many different Will Rogers photos as possible from as wide a variety of times and situations – movies, cowboy, vaudeville, with famous people, and family scenes.
Will Rogers is a man worth remembering, and quoting. His wit, humor and insight into life will amaze and astonish you. His life will inspire you. Watch for new blog posts from my Will Rogers quotes collection.
I hope you have enjoyed this quote from Will Rogers and the accompanying image taken from the Will Rogers Daily Quotes iPhone app. Please visit our blog, twitter, or Facebook page regularly and pass these posts on to friends that might enjoy a bit of wisdom from Will Rogers.