“The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.”

Source: World Commodities and World Currencies (1944), Chapter I, The Problem of Raw Materials, p. 5

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion." by Benjamin Graham?
Benjamin Graham photo
Benjamin Graham 64
American investor 1894–1976

Related quotes

Benjamin Graham photo

“Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.”

Benjamin Graham (1894–1976) American investor

Source: World Commodities and World Currencies (1944), Chapter II, The Issue of Cartels, p. 21

Lewis H. Lapham photo
John Ramsay McCulloch photo

“Smuggling is a crime, which occupies so prominent a place in the criminal legislation of all modem states, is wholly the result of vicious commercial and financial legislation”

John Ramsay McCulloch (1789–1864) Scottish economist, author and editor

John Ramsay McCulloch. A Dictionary Practical, Theoretical, and Historical of Commerce and Commercial Navigation by the Late J. R. M'Culloch, Longmans, Gren & Company, 1871 p. 1298; About the origin of smuggling

“…Western Civilization began to expand in 976. …The economic expansion was achieved chiefly by specialization and exchange… commercialization.”

Carroll Quigley (1910–1977) American historian

Oscar Iden Lecture Series, Lecture 3: "The State of Individuals" (1976)

Ernst Hanfstaengl photo
John McCain photo

“We did not learn Abu Ahmed’s real name or alias as a result of waterboarding or any "enhanced interrogation technique" used on a detainee in U.S. custody.”

John McCain (1936–2018) politician from the United States

On claims of waterboarding as being impedimental in as quoted in "John McCain to Bush apologists: Stop lying about Bin Laden and torture" by Greg Sar in The Washington Post (12 May 2011) http://www.washingtonpost.com/blogs/plum-line/post/john-mccain-to-bush-apologists-stop-lying-about-bin-laden-and-torture/2011/03/03/AF10AnzG_blog.html - YouTube video of McCaine's speech http://www.youtube.com/watch?v=3I94Yb4KUic
2010s, 2011
Context: We did not learn Abu Ahmed’s real name or alias as a result of waterboarding or any "enhanced interrogation technique" used on a detainee in U. S. custody. None of the three detainees who were waterboarded provided Abu Ahmed’s real name, his whereabouts, or an accurate description of his role in Al-Qaeda. … In fact, not only did the use of "enhanced interrogation techniques" on Khalid Sheikh Mohammed not provide us with key leads on bin Laden’s courier, Abu Ahmed; it actually produced false and misleading information. Khalid Sheikh Mohammed specifically told his interrogators that Abu Ahmed had moved to Peshawar, got married, and ceased his role as an Al-Qaeda facilitator — which was not true, as we now know. … It was not torture or cruel, inhuman, and degrading treatment of detainees that got us the major leads that ultimately enabled our intelligence community to find Osama bin Laden. … we are again engaged in this important debate, with much at stake for America’s security and reputation. Each side should make its own case, but do so without making up its own facts.

James Meade photo
Manmohan Singh photo
Peter M. Senge photo
Anton Chekhov photo

Related topics