Paul Erdman: Make Lots of Money
on Thursday, June 30, 2022Paul Erdman Money Quote saying the country is all about making money with money to make more of it. Paul Erdman said:
“The entire essence of America is the hope to first make money – then make money with money – then make lots of money with lots of money” — Paul Erdman
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Paul Erdman seems to be characterizing the essence of the American dream or spirit of capitalism in this quote. He suggests that typically in the United States, people first hope to earn money through their own work and labor.
Then, once some wealth is accumulated, the goal becomes making more money by investing and growing what one already has through mechanisms like interest, returns on capital, and business profits.
Finally, the aspiration is to reach a level of substantial wealth where even larger sums can be earned purely through the gains made on significant pre-existing fortunes.
Overall, Erdman appears to be observing that the American vision involves continually reinvesting and multiplying financial resources at each stage of success to ultimately achieve great riches through leveraging money that money itself has produced.
Birthday: May 19, 1932 – Death:April 23, 2007