Posts Tagged ‘prices’

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Charles Rolls: Low Prices Forgotten

Posted by admin on Monday, August 28, 2023

Meaning of Charles Rolls Money Quote: saying people are quick to forget low prices if compared to poor quality. Charles Rolls said:

 
Poor quality is remembered long after low prices are forgotten Quote
 

“Poor quality is remembered long after low prices are forgotten” — Charles Rolls

 

In this quote, Charles Rolls is emphasizing the importance of quality over low prices when it comes to business. He suggests that customers will remember poor quality products or service long after they’ve forgotten any savings or bargains. Rolls is conveying that focusing too much on low prices and cost-cutting can undermine quality and damage a company’s reputation over the long run.

His message is that businesses are better off prioritizing consistent quality even if it means higher prices, as this will build lasting customer loyalty and trust in the brand. In the end, quality is more valuable than a fleeting advantage from lower prices.

Birthday August 27, 1877 – Died July 12, 1910 together with Henry Royce, he helped to found the Rolls-Royce automotive manufacturing brand
 

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W. Edwards Deming: That’s Inflation

Posted by admin on Friday, November 25, 2022

Meaning of W. Edwards Deming Money Quote: saying worker productivity shouldn’t decline and prices must reflect sufficient profit in pricing to avoid inflation. W. Edwards Deming said:
 
much to sell. Your workers don’t want to be paid less, so to maintain profits, you increase your prices. That’s inflation Quote

“Declining productivity and quality means your unit production costs stay high but you don’t have as much to sell. Your workers don’t want to be paid less, so to maintain profits, you increase your prices. That’s inflation” — W. Edwards Deming

 

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In this quote, W. Edwards Deming is explaining how inflation can occur due to declining productivity and quality in business. He says that when productivity and quality decrease over time, a company’s unit production costs remain high even though they have less product to sell. Since workers will not accept lower wages, companies try to maintain profits by raising their prices.

Deming argues that this process of increasing prices specifically due to declining productivity and quality, which forces companies to charge more for goods and services to offset higher costs, is what leads to inflation at the economic level.

So in essence, the quote is attributing inflation to the price increases that result when businesses try to preserve profit margins facing internal inefficiencies like falling productivity, rather than lowering costs in other ways.

Robert Reich: Driving Inflation

Posted by admin on Thursday, June 23, 2022

Meaning of Robert Reich Money Quote: saying businesses are profiteering by masking price increases under inflationary pressures. Robert Reich said:
 
Let’s be clear: inflation is being driven in large part by monopolies that are driving up prices for the sake of profit Quote
 

“Let’s be clear: inflation is being driven in large part by monopolies that are driving up prices for the sake of profit” — Robert Reich

 

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In this quote, Robert Reich is attributing a major cause of current inflation to monopolistic practices by large corporations. He argues that inflation is being driven to a large extent by monopolies that are deliberately raising prices, not due to increased costs or demand pressures, but rather for the sole purpose of boosting their own profits.

Reich is suggesting that with monopolistic control over certain markets, some companies are taking advantage of their power and lack of competition to charge higher prices that are unjustified by economic fundamentals. This behavior of profit-seeking through inflationary price hikes, according to Reich, is a core reason why inflation levels are so high.

In essence, the quote is accusing monopolies of exploiting their market dominance to fuel inflation and inflate profits, rather than inflation being purely the result of normal supply/demand dynamics in competitive markets. Reich sees monopolistic price gouging as a major factor driving up inflation.
 

Randall Enos: Prices Eat Money

Posted by admin on Thursday, February 17, 2022

 
Marge and Ed thought, that given the rising cost of food, it might be cheaper if they just ate their money Quote
 

“Marge and Ed thought, that given the rising cost of food, it might be cheaper if they just ate their money” — Randall Enos

 

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In this editorial cartoon by Randall Enos, Marge and Ed are contemplating that with rising food prices, it may actually be more affordable for them to eat their money rather than use it to buy groceries. The cartoonist is making a humorous yet pointed commentary on inflation and the rising cost of living.

As prices increase significantly at the grocery store, the cartoon suggests it is getting so expensive for some families to put food on the table that eating the money itself would paradoxically be more worthwhile from a nutritional standpoint.

This satirical take highlights the real economic challenges faced by many when basic necessities become less and less attainable, and wryly implies the value of money is declining to the point it may be better consumed than spent on overpriced food.

Food Prices by Randall Enos, Easton, CT

Food Prices by Randall Enos, Easton, CT


 

Henry Ford: Speculation Money

Posted by admin on Sunday, August 1, 2021

Henry Ford Money Quote saying to make money by manipulating prices rather than simply selling stuff is called speculation. Henry Ford said:
 
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services Quote
 

“Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services” — Henry Ford

 

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In this quote, Henry Ford is criticizing the practice of speculation and speculative investing. He defines speculation as “making money out of the manipulation of prices” rather than by “supplying goods and services”.

Ford is drawing a distinction between productive economic activity like producing actual goods and services that create value, versus speculative behaviors that aim to profit from artificially influencing prices in financial markets without contributing meaningful work.

His implication is that speculation is an unproductive or even detrimental way of making money, since it involves manipulating prices for personal gain rather than engaging in wealth-creating activities like manufacturing or providing useful services.

In essence, Ford sees speculation as the opposite of productive enterprise, viewing it as a way of profiting through price manipulation rather than adding value to the economy through the supply of real, tangible products and services that benefit consumers. The quote portrays speculation in a negative light compared to productive business models.

Liberace: Love Bargain Prices

Posted by admin on Wednesday, June 9, 2021

Liberace Money Quote saying that at the same time, one can love to be frugal and be known for being extravagant shopping in Beverly Hills and less ritzy stores. Liberace said:
 
I guess like most people I'm a bargain-hunter. I love a bargain. I found out there's two prices on everything. There's the Rodeo Drive price and there's the same merchandise down the street Quote
 

“I guess like most people I’m a bargain-hunter. I love a bargain. I found out there’s two prices on everything. There’s the Rodeo Drive price and there’s the same merchandise down the street” — Liberace

 

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Liberace is saying that there are often two different prices for the same item depending on where you shop. He refers to “Rodeo Drive price” which would be the expensive price charged by high-end retailers on an upscale street like Rodeo Drive in Beverly Hills.

Meanwhile, “down the street” implies a more ordinary shopping area where the same merchandise may be sold, but at a lower, more affordable price. In essence, Liberace is noting that bargains can be found with savvy shopping, as the same products are not always priced the same at different stores.

He seems to enjoy finding the better deal, as many shoppers aim to do.

Jim Rogers: Stock Price Zero

Posted by admin on Monday, May 18, 2020

Jim Rogers Money Quote saying that the value of goods is always assured, but stock prices fluctuate and drop on rumor and speculation. Jim Rogers said:
 
Stock prices can go to zero. Commodities cannot. Unlike shares in a company commodities are real things that are always likely to be worth something to somebody Quote
 

“Stock prices can go to zero. Commodities cannot. Unlike shares in a company commodities are real things that are always likely to be worth something to somebody” — Jim Rogers

 

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Jim Rogers is contrasting stocks and commodities as investments. He argues that while stock prices can potentially fall all the way to zero if a company goes bankrupt, commodities like metals, grains and livestock will likely always have some value to someone. Even if demand declines for a particular commodity, it typically won’t lose its entire worth.

Rogers is pointing out that commodities are tangible assets representing real, physical goods, whereas stocks represent ownership in a company that could fail. Therefore, commodities may be less risky investments than stocks since they are unlikely to become completely worthless in the way that shares of a bankrupt company would.

Claude Monet: Modest Prices

Posted by admin on Thursday, November 14, 2019

Claude Monet Money Quote saying that regardless of his reasonable pricing, few art buyers were interested in his paintings because their value hadn’t been established. Claude Monet said:
 
Despite my extremely modest prices, dealers and art lovers are turning their backs on me. It is very depressing to see the lack of interest shown in an art object which has no market value Quote
 

“Despite my extremely modest prices, dealers and art lovers are turning their backs on me. It is very depressing to see the lack of interest shown in an art object which has no market value” — Claude Monet

 

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Claude Monet was expressing frustration that despite setting very low, modest prices for his artworks, dealers and collectors were showing little interest in purchasing them. Even though his paintings were priced affordably, the works “had no market value” in the sense that there was lack of demand from art professionals and lovers at the time.

Monet felt depressed by the lack of appreciation or validation for his artistic creations when the market did not value them, even when he priced them accessibly. This quote provides insight into the struggles of an artist who was not yet commercially successful despite setting competitive prices for his paintings.

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