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Walter Wriston Quotes - Page 2

All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.

All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.

Walter Wriston
Law, Judging, Liberty

The information revolution has changed people's perception of wealth. We originally said that land was wealth. Then we thought it was industrial production. Now we realize it's intellectual capital. The market is showing us that intellectual capital is far more important that money. This is a major change in the way the world works. the same thing that happened to the farmers during the Industrial Revolution is now happening to people in industry as we move into the information age.

Walter Wriston
Moving, Land, People
"The Future of Money". Interview with Thomas A. Bass, www.wired.com. October 1, 1996.

A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.

Walter Wriston
Past, Years, Impossible
Walter B. Wriston (1992). “The Twilight of Sovereignty: How the Information Revolution Is Transforming Our World”, Scribner

If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.

Walter Wriston
Government, Law, Would Be

Risk is not a dirty word.

Walter Wriston
Dirty, Risk, Dirty Words

The Doomsayers have always had their uses, since they trigger the coping mechanism that often prevents the events they forecast.

Walter Wriston
Coping Mechanisms, Events, Use
1986 Risk and Other Four-Letter Words.

It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.

Walter Wriston
Army, Men, Principles
1986 Risk and Other Four-Letters Words.

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