Posts Tagged ‘returns’
Jacques Rueff: Inflation Expenditure
on Wednesday, November 23, 2022Meaning of Jacques Rueff Money Quote: saying inflation seems to magically make money disappear and at the same time cover subsidies. Jacques Rueff said:
“Inflation consists of subsidizing expenditures that give no returns with money that does not exist” — Jacques Rueff
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Jacques Rueff is providing a concise definition of inflation in this quote. He is saying that inflation occurs when governments fund expenditures that do not generate any returns/productivity (such as some social programs) by creating new money that was not backed by real economic activity or asset reserves.
Rueff’s definition suggests that inflation stems from using unearned or nonexistent money to subsidize unproductive spending, essentially printing money to pay bills.
The quote conveys that inflation is the result of spending money that doesn’t really exist to finance programs and services that don’t add real value or returns to the economy. This definition characterizes inflation as artificial monetary expansion not aligned with genuine economic output.
Birthday: August 23, 1896 – Death: April 23, 1978
Indra Nooyi: Blind Profit Pursuit
on Tuesday, June 11, 2019Indra K. Nooyi Money Quote saying as CEO of Pepsico that focusing only on profits is not sustainable for most businesses when that hurts those they serve as customers. Indra K. Nooyi said:
“The blind pursuit of profit at all costs is untenable. It is essential that we make money the right way. After all, if communities suffer as a result of a company’s actions, those returns are not sustainable” — Indra K. Nooyi
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In this quote, Indra Nooyi seems to be arguing that a business approach focused solely on maximizing short-term profits without regard for impacts on communities is misguided and ultimately not a sustainable strategy.
She suggests it is more important for companies to “make money the right way” by considering how their actions might affect the communities in which they operate.
Nooyi implies that if a company’s profit-seeking damages the communities that support it, those profits will not last in the long run as the company loses its social license to operate.
Overall, the quote conveys Nooyi’s view that responsible business practices aligned with community well-being are better for long-term business success than the “blind pursuit of profit at all costs.”
Herman Wouk: Fictional Tax Returns
on Wednesday, January 26, 2011Funny Money Quotes: It seems that preparing our taxes sometimes induces creativity beyond our usual abilities and inventiveness. Herman Wouk said:
“Income tax returns are the most imaginative fiction being written today” — Herman Wouk
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Herman Wouk seems to be making a humorous observation about the creative liberties some may take when completing their income tax returns each year. The quote suggests that the ways people report and qualify their income, deductions, exemptions, losses and other tax factors requires as much, if not more, imagination and narrative crafting than any work of fiction.
Wouk appears to be implying that out of necessity or desire to maximize refunds and minimize payments, tax filings often involve portraying financial situations and transactions in very favorable subjective terms rather than strictly factual ones.
In essence, the message is that income tax documentation rewards and perhaps demands imaginative accounting more than truthful reporting alone.
Birthday: May 27, 1915 – Death: May 17, 2019