Ronald Reagan: Higher Inflation Bill

Meaning of Ronald Reagan Money Quote: saying when any person or business spends more than they earn, it means bankruptcy. However, government does it and collects taxes to cover it. Inflation results.. Ronald Reagan said:
 

 

“When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident” — Ronald Reagan

In this quote, Ronald Reagan is drawing a comparison between how businesses and individuals operate financially versus how the government does. He states that when a business or person spends more than they earn, they go bankrupt. However, when the government does this by overspending for many years, it results in higher taxes and inflation rather than bankruptcy.

Reagan argues that inflation essentially functions as a hidden tax, since the rising prices that come with inflation reduce citizens’ purchasing power and standard of living over time. His point is that by continually overspending for decades without addressing the deficit, the government has to make up for it through tax increases on citizens or fueling inflation, both of which negatively impact the average taxpayer.

So in summary, the quote is criticizing long-term government overspending by asserting that unlike businesses or individuals, the government can avoid bankruptcy by instead passing on the costs to citizens through mechanisms like higher taxes and the inflation tax, which Reagan says is not accidental but rather a deliberate outcome of persistent fiscal irresponsibility.

Birthday: February 6, 1911 – Death: June 5, 2004

Vic Oliver: Money Mad Capitalist

Vic Oliver Money Quote saying we let money define us and others look to assign their own ideas. Vic Oliver said:
 

 

“If a man is after money, he’s money mad; if he keeps it, he’s a capitalist; if he spends it, he’s a playboy; if he doesn’t get it, he’s a never-do-well; if he doesn’t try to get it, he lacks ambition. If he gets it without working for it; he’s a parasite; and if he accumulates it after a life time of hard work, people call him a fool who never got anything out of life” — Vic Oliver

In this quote, Vic Oliver seems to be satirizing the double standards and contradictory expectations placed upon individuals regarding their relationship with money. Some key points:

• He notes that if a man actively pursues money, he can be called “money mad,” but if he accumulates wealth through work, others may say he’s a “fool” who didn’t enjoy life.
• Oliver also points out that a man can be labeled a “capitalist” for keeping wealth or a “playboy” for spending it freely.
• The quote implies that no matter what choices one makes regarding finances – acquiring it, retaining it, using it or not prioritizing it – they may be criticized through differing and inconsistent lenses.

Overall, Oliver appears to be humorously conveying that societal and personal judgments of others in relation to money are often irrational, subjective and prone to shifting goal posts. No single path regarding finances seems to satisfy all observers. The quote challenges simplistic perspectives on wealth by highlighting its complexities and the lack of a universally agreed-upon “right” way to relate to money according to changing norms and individual circumstances.

Birthday: July 8, 1898 – Death: August 15, 1964

Ralph Waldo Emerson: Spend Skills

Ralph Waldo Emerson Money Quote saying money is worthless, until it is spent and how that spending happens matters. Ralph Waldo Emerson said:
  

 

“Money is of no value; it cannot spend itself. All depends on the skill of the spender” — Ralph Waldo Emerson

In this quote, Ralph Waldo Emerson seems to be making two key points about money:

1. That money itself has no inherent worth and is useless if not put to practical use, as it cannot “spend itself” without human action and decision-making.
2. That how well money is utilized depends entirely on the abilities and judgment of the person choosing to spend it. Emerson refers to this as the “skill of the spender.”

Overall, Emerson appears to be arguing that financial resources only gain value and purpose when deployed effectively by knowledgeable and prudent spenders. The quote conveys Emerson’s view that money’s utility relies entirely on the spending skills, wisdom and resourcefulness of the individuals allocating and applying funds, not on the money itself. It emphasizes the active, thoughtful role of spenders in determining money’s real impact and value.

Birthday: May 25, 1803 – Death: April 27, 1882

Edward Bulwer-Lytton: $ Character

Edward Bulwer-Lytton Money Quote saying money helps you define character and vice-versa and is powerful. Edward Bulwer-Lytton said:
  

 

“Character is money; and according as the man earns or spends the money, money in turn becomes character. As money is the most evident power in the world’s uses, so the use that he makes of money is often all that the world knows about a man” — Edward Bulwer-Lytton

In this quote, Edward Bulwer-Lytton is making observations about the relationship between character, money and reputation. The best interpretation is:

• Bulwer-Lytton suggests a person’s character, integrity and values are akin to “money” in that they determine how one earns and spends the resources they accumulate.
• How money is used can then reflect back on and shape a person’s character or reputation in the eyes of others (“money in turn becomes character”).
• He notes that for most people, the visible ways money is handled and what it enables are often the sole means by which their character is judged by society, since money represents one’s most overt power and influence.

Overall, the quote conveys Bulwer-Lytton’s view that how individuals manage financial affairs can strongly define their public persona and character assessment by others. Money provides a window into one’s values and priorities that forms the basis of their reputation in the world.

Birthday: May 25, 1803 – death: January 18, 1873

Ron Paul: Collect Tax Revenues

Ron Paul Money Quote saying the government has an income shortfall, so alternatives are to manufacture cash or borrow more. Ron Paul said:
 

 

“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans” — Ron Paul

In this quote, Ron Paul is outlining the options available to the federal government when its spending exceeds the tax revenue it collects. The best interpretation is:

• Raising taxes places additional burden on citizens and businesses.
• Printing more money can lead to higher inflation as the money supply increases, devaluing people’s savings.
• Borrowing money grows the national debt and passes financial obligations on to future generations in the form of interest payments.

Paul believes all of these choices may benefit politicians politically but ultimately hurt average Americans either through higher costs of living, inflation, or a mounting debt load.

The overall message is that Paul views deficit spending as unsustainable and harmful, with any attempts to remedy budget shortfalls coming at the expense of ordinary taxpayers according to his analysis.

Robert J. McCracken: Man Earns & Spends

Robert J. McCracken Money Quote saying Everything about our character is clarified by how we choose to make our income and then how we spend it. Robert J. McCracken said:
 

 

“Get to know two things about a man. How he earns his money and how he spends it. You will then have the clue to his character. You will have a searchlight that shows up the inmost recesses of his soul” — Robert J. McCracken

In this quote, Robert J. McCracken is suggesting that a person’s character can be discerned by examining two key aspects of their financial life: how they earn their livelihood, and how they choose to spend their money.

By stating that understanding these two factors provides “the clue to his character” and acts as a “searchlight that shows up the inmost recesses of his soul”, McCracken implies that career choices and spending habits reveal inner qualities like work ethic, priorities, values and true nature.

The interpretation is that McCracken views a person’s approach to both generating and allocating funds as reflective of their integrity, motivations and essence. He presents earning style and monetary discretion as windows into a person’s core identity and nature.

The overall message conveyed is that for McCracken, closely examining how someone makes and spends their money provides important insight into their underlying character beyond just financial tendencies or lifestyle. These monetary behaviors seemingly illuminated innate traits in his view.

Birthday: March 15, 1874 – Death: May 16, 1934

Ezra Klein: Insurance Conglomerate Army

Ezra Klein Money Quote saying the feds seem to be a giant insurance company that is protected on all sides by a big military. Ezra Klein said:
 

 

“If you look at how the federal government spends our money, it’s an insurance conglomerate protected by a large, standing army” — Ezra Klein

In this quote, Ezra Klein is characterizing how the U.S. federal government allocates its budget and priorities. By describing it as “an insurance conglomerate protected by a large, standing army”, Klein is suggesting that much of government spending goes towards social insurance programs like Social Security, Medicare and Medicaid that provide economic security, while defense spending maintains America’s military forces.

The interpretation is that Klein views the government essentially functioning as a massive insurer of last resort for citizens, while devoting substantial funds towards maintaining national defense capabilities through ongoing armed forces. His perspective conveys the view that the government’s primary economic role has become socializing certain risks for the public through insurance schemes, while security remains central through military expenditures that allow for constant preparedness and global power projection.

Overall, Klein’s message portrays the government as having evolved principally into an entity that insures citizens against life’s uncertainties through social programs, while maintaining strength through a defense apparatus that secures America’s geopolitical interests and alliances through force of arms on a permanent, standing basis globally.

Rosemarie Urquico: Date Who Buys Books

Rosemarie Urquico Money Quotation saying better to date a woman who has a problem with too much to read than one with too many clothes. Rosemarie Urquico said:
 

 

“Date a girl who reads. Date a girl who spends her money on books instead of clothes, who has problems with closet space because she has too many books” — Rosemarie Urquico

In this quote, Rosemarie Urquico is offering humorous dating advice related to a woman’s interests and priorities. She suggests finding a partner who reads frequently and spends her discretionary income on books rather than clothes or other material goods.

Urquico implies that a woman with such intellectual passions and financial habits devoted to learning will make for a well-rounded, stimulating companion. Her view seems to be that choosing a girlfriend who fills her home with books acquired over many years of reading indicates qualities of depth, curiosity and a desire for self-improvement that will enrich any relationship.

The quote encourages seeking a partner focused more on personal growth through reading than superficial concerns, conveying Urquico’s belief that shared intellectual pursuits can form the foundation for a strong connection.