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

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• Purchasing power is a license to purchase power.

  Raoul Vaneigem

  Power, Wealth, Purchasing

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• 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

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• 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

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• 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

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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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• 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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• 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

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• 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

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• 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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• 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

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• 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

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• 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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• 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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• 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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• 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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• 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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• 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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• If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.

  Ludwig von Mises

  Government, Disappear Completely, Practice

  Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

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• 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

  Water, Milk, Moral

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

  Bernard Baruch

  Money, Fall, Unemployment

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• Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.

  Suze Orman

  Retirement, Cds, Goal

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• The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour.... Whether the nation succeeds in providing adequate security for retired workers depends in large measure upon the wage policies of trade unions.

  Sumner Slichter

  Cutting, Men, Years

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• 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

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