They claim prosperity but the appearance of economic health is created by war expenditures, waste and extravagance, planned emergencies, and war crises. They have debauched our money by cutting in half the purchasing power of our dollar.
We shall always measure our foreign commitments so that they can be borne without endangering the economic health or sound finances of the United States. Stalin said that 'the moment for the decisive blow' would be when the free nations were isolated and were in a state of 'practical bankruptcy.' We shall not allow ourselves to be isolated and economically strangled, and we shall not let ourselves go bankrupt.
~ From the Republican platform of 1952.