Top 3 Quotes & Sayings by Kurt Richebacher

Explore popular quotes and sayings by Kurt Richebacher.

Last updated on December 23, 2024.

Kurt Richebächer was born in Karlsruhe, Germany. He studied business economics in Berlin and completed is doctoral at the University of Heidelberg in 1945. He began his career as a journalist, before becoming an international banker and economist. He considered himself a follower of the Austrian School of Economics and was best known for his newsletter, "The Richebächer Letter," which at various times also circulated as "Currencies & Credit Markets."

1919 - 2007

Source: Wikipedia

Consumption never creates wealth.

Kurt Richebacher

The key reason why we are richer than our ancestors is that these ancestors have bequeathed us buildings, factories and machines that have given us a high living standard to start with. Driven by irresponsible policy makers, America's present generation is consuming the nation's capital.

Kurt Richebacher

A nation that encourages its people to spend more and save less promotes economic backwardness, social decay and its own financial doom.

Kurt Richebacher