Herbert Hoover actually said...

For the Government to finance by bond issues deprives industry and agriculture of just that much capital for its own use and for employment.

Statement on Proposed Increases in Federal Expenditures for Employment and Relief.

12/08/1930

More Herbert Hoover Quotes

The mighty reservoir of capital and security which insurance represents is an asset to the individual, to the family and to the country.

You have performed a real public service and I wish to express my personal appreciation.

Consular agents are not authorized to address the Department of State directly.

I trust that your convention may be fruitful in sound plans and policies of such an important factor, both of relief and recovery.