Quotes About Purchasing Power

#1. The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.

Ludwig Von Mises

#2. The reality is that nearly 80 percent of the world's purchasing power lies outside the United States, and if we don't tap those markets, others will.

John Hoeven

#3. Which is worse? Lust for the purchasing power of money, or the kind of lust that covets power over others? Let the history of 20th Century socialist revolutions answer that question.

A.E. Samaan

#4. Corporations don't create jobs, customers do. So when all the economic gains go to the top, as they're doing now, the vast majority of Americans don't have enough purchasing power to buy the things corporations want to sell - which means businesses stop creating enough jobs.

Robert Reich

#5. The greatly increased consumption of alcoholic beverages is very largely a direct result of the increased purchasing power created by wartime expenditures.

William Lyon Mackenzie King

#6. The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

Alfred Marshall

#7. The wisest and best are repulsive, if they are characterized by repulsive manners. Politeness is an easy virtue, costs little, and has great purchasing power.

Amos Bronson Alcott

#8. in wartime, economic activity decreases, inflation increases, and real wages and purchasing power begin to fall. Wages at the bottom of the wage scale generally rise, however, and are somewhat more generously protected from inflation than those at the top.

Thomas Piketty

#9. if we as consumers do not understand what marketing does to us, we are not defining what is enough; we are letting others determine the definition for us. Does the pull of new clothes for a new season influence your decision-making and purchasing power?

Jeff Shinabarger

#10. Things are going better: there is more growth, less deficit, more competitiveness, better margins for companies, more purchasing power for workers.

Francois Hollande

#11. It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.

Jon Corzine

#12. And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.

Kevin Brady

#13. We need a mobilized and active civil society using its purchasing power to demand sustainable products and practices. It is also essential that governments commit to the future, creating fiscal and regulatory conditions for sustainable policies to thrive.

Guilherme Leal

#14. Is it any more moral to dilute the value of the purchasing power of the money you hold in your wallet than it is for the farmer to dilute the milk supply with water?

Ron Paul

#15. They dug up so much silver to pay for their wars of conquest that the metal itself dramatically declined in value - that is to say, in its purchasing power with respect to other goods.

Niall Ferguson

#16. Furthermore, there is no good ethical or economic reason for asking workmen and current producers to forego all economic gain in order to increase the purchasing power of all the wealth accumulated in past years.

Charles E. Wilson

#17. People fail to realize there's a difference in kinds of money. There is old money and there is new money. Old money has political power but new money has only purchasing power. (1963)

LIFE Magazine

#18. Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.

Marc Faber

#19. BJP is committed to transform the agriculture sector. We want to increase farmer income and the purchasing power of villages.

Narendra Modi

#20. A good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.

David Dreman

#21. Actually, I have no regard for money. Aside from its purchasing power, it's completely useless as far as I'm concerned.

Alfred Hitchcock

#22. When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power.

Louis O. Kelso

#23. Property may be destroyed and money may lose its purchasing power; but, character, health, knowledge and good judgement will always be in demand under all conditions.

Roger Babson

#24. The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand.

Joseph Salerno

#25. The day he learned that he was terminally ill was the day he lost interest in his purchasing power.

Mitch Albom

#26. People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.

Peter Schiff

#27. Here's the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar.

Michael Maloney

#28. Capitalists desire purchasing power. Socialists lust for the power to plan society. Which is worse?

A.E. Samaan

#29. Exercise your purchasing power as a consumer, volunteer and bring joy to those in need, and share your experiences, tell your stories, and inspire others along the way.

Blake Mycoskie

#30. Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.

Peter Schiff

#31. In every country except - industrial country except the United States, the government uses its massive purchasing power to negotiate drug prices. That's one of the reasons prices are so much higher in the United States than in other countries.

Noam Chomsky

#32. When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.

Peter Schiff

#33. The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

Ludwig Von Mises

#34. If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

Ludwig Von Mises

#35. No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what the economy is capable of producing without going deeper and deeper into debt.

Robert Reich

#36. Each of us must also sell something, even if for most of us it is our own services rather than goods, in order to get the purchasing power to buy.

Henry Hazlitt

#37. Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

Ludwig Von Mises

#38. It is production that creates purchasing power, not the printing press!

Peter Schiff

#39. If we look at it now from the consumer's point of view, we find that he can buy less with his money. Because he has to pay more for sweaters and other protected goods, he can buy less of everything else. The general purchasing power of his income has therefore been reduced.

Henry Hazlitt

#40. An increase in the supply of paper money, and hence a decrease in the purchasing power of the currencies in which most bonds were denominated. A rational investor who anticipated a major war would sell bonds in anticipation of these effects.

Niall Ferguson

#41. Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.

Henry Hazlitt

#42. Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.

Michael Hudson

#43. We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

Alan Greenspan

#44. The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

Martin Feldstein

#45. The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.

Ludwig Von Mises

#46. And in terms of welfare, of course, the loss suffered will be much greater than the loss in merely arithmetical terms, because the psychological losses of those who are unemployed will greatly outweigh the psychological gains of those with a slightly higher income in terms of purchasing power.

Henry Hazlitt

#47. Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster.

Bernard Baruch

#48. If you print money like in Zimbabwe ... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.

Marc Faber

#49. That it is logical, fair and reasonable to maintain the purchasing power of an hour's work in terms of goods and services the employee must purchase in his daily living.

Charles E. Wilson

#50. Ah, the power of two. There's nothing quite like it. Especially when it comes to paying utility bills, parenting, cooking elaborate meals, purchasing a grown-up bed, jumping rope and lifting heavy machinery. The world favours pairs. Who wants to waste the wood building an ark for singletons?

Sloane Crosley

#51. Consumers have not been told effectively enough that they have huge power and that purchasing and shopping involve a moral choice.

Anita Roddick

#52. Global interconnectedness has led to the emergence of a new political power, that of consumers and their associations. It is good for people to realize that purchasing is always a moral - and not simply economic - act.

Pope Benedict XVI

#53. If people begin to use the full power of conscience in all the choices they make in their everyday life, from presidential elections to purchasing things in the grocery store, the world will change.

Ilchi Lee