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.

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

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

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

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

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

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

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

 
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#NationalBookLoversDay August 9
 
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