Purchasing Power Quotes

• 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

  Inspirational, Money, Character

  92 Copy quote

• Purchasing power is a license to purchase power.

  Raoul Vaneigem

  Power, Wealth, Purchasing

  24 Copy quote

• 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

  Fall, Finance, Purchasing

  Alfred Marshall (2009). “Principles of Economics: Unabridged Eighth Edition”, p.51, Cosimo, Inc.

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• 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

  War, Zimbabwe, Europe

  20 Copy quote

• 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

  Summer, Oil, Reducing

  19 Copy quote

• 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

  Years, Minimum Wage, Levels

  20 Copy quote

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

  Henry Hazlitt

  Needs, Demand, Economic

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.20, Crown Business

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• It is production that creates purchasing power, not the printing press!

  Peter Schiff

  Printing, Productions, Presses

  "The Fault Lines Emerge". www.321gold.com. March 28, 2009.

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• 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

  Class, Debt, Enough

  "Why Robert Reich cares so passionately about economic inequality". "PBS NewsHour" with Judy Woodruff, www.pbs.org. October 15, 2013.

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

  Anita Roddick

  Shopping, Choices, Moral

  16 Copy quote

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

  Alfred Hitchcock

  Useless, Concerned, Regard

  18 Copy quote

• 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

  Jobs, Mean, Creating

  27 Copy quote

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

  David Dreman

  Real, Risk, Enhancement

  4 Copy quote

• 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

  Exercise, Volunteer, Joy

  "Fulfilling My Life’s Mission Through the TOMS Shoes Movement" by Blake Mycoskie, www.huffingtonpost.com. March 18, 2010.

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• 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

  Cost, Littles, Virtue

  10 Copy quote

• 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

  Party, Independent, Ambition

  Ludwig von Mises (2016). “Human Action”, p.585, Lulu Press, Inc

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• I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.

  Warren Buffett

  People, Guy, Needs

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

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• 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

  Demand, Adjusting, Performing

  7 Copy quote

• Now, the black man here was so-called free by [Abe] Lincoln 100 years ago. The black man in America has an - has a purchasing power of 20 billion dollars. Now, and he's educated.

  Malcolm X

  Men, America, Years

  8 Copy quote

• Car prices play a large role in calculating PPPs even while they play no role whatsoever in the consumption or consumption needs of the poor. And the prices of rice, bread and beans play a small role in calculating PPPs even though they play a huge role in meeting the consumption needs of the poor. So the World Bank's method of comparing and converting everything at general purchasing power parities into US dollars is highly distorting within an exercise whose purpose it is to determine whether households are or are not capable of meeting their basic consumption needs.

  Thomas Pogge

  Exercise, Play, Car

  Source: www.truth-out.org

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• Purchasing power parities are not a reasonable method for comparing households across countries or currencies. The reason for this is simply that PPPs are sensitive to the prices of all the commodities, goods and services, that households are consuming worldwide, with each commodity weighted in the calculations according to its share in international household consumption expenditure.

  Thomas Pogge

  Country, Commodity, Reason

  Source: www.truth-out.org

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• 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

  Wisdom, Saving, Politics

  Louis O. Kelso, Patricia Hetter Kelso (1967). “Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals”, New York : Vintage Books

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

  Alan Greenspan

  Guarantees, Investing, Benefits

  9 Copy quote

• That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay.

  Benjamin Franklin

  Simple, Creating, Issues

  31 Copy quote

• 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

  Government, Should Have, People

  6 Copy quote