A Quote by Bill Bonner

The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for.

Bill Bonner

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Consumer Done Economy Entire Entire World Ever Money Need Rests Spending Spending Money Stops Things World World Economy

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Bill Bonner
American - Author
Born: September 8, 1948

The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.

Rudy Giuliani

The money economy thus leaves a large ecological footprint, defined as the amount of land and resources required to meet a typical consumer's needs. For example, with only about 4% of the world's population, the United States, the largest money economy, consumes in excess of one-quarter of the world's energy and materials and generates in excess of 25 percent of the world's greenhouse gas emissions.

Stuart L. Hart

Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.

Philip Slater

The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.

Mark Skousen

Let's be honest, this is a consumer based economy in America. That's all we manufacture here is need and appetite. We are the world's mouth. They make things in other countries, and they're like, 'Send it to America; they'll eat it.'

Marc Maron

The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.

Paul Samuelson

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

Paul Krugman

I think it was seen as a symptom that the Chinese leadership may be really scared about their economy.Why would you want to depend more on exports if you're a country that has a stated policy of relying less on exports and more on consumer spending, domestic spending?

David Wessel

We are spending more as a percentage of our entire economy, almost 25 percent, than we have spent at any time since the end of World War II.

John Thune

What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water.

Grover Norquist

I feel more confident than ever that the power to save the planet rests with the individual consumer.

Denis Hayes

As a rich country, we can, in some sense, "afford" the war. But spending money on the war means that we are not spending money on other things that we could have spent the money on.

Joseph Stiglitz

A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.

John Kenneth Galbraith

In meditation the mind stops, thought ceases. When thought stops, the world stops. When the world stops, perception stops. When perception stops, the sense of "I" as a perceiver falls away.

Frederick Lenz

To create employment, we need to stimulate the economy, and to stimulate the economy, we need to cut spending and reduce the deficit.

Phil Gingrey

For the workers and their families, being able to bring home a living wage helps their families and, by extension, helps our economy. Seventy percent of our economy is consumer-based. We know that when lower- and middle-class families have money and disposable income, they spend it. That puts money back into the economy. It's a win-win for everybody: Not just for the individual, not just production at a specific company (like Nissan), but for the greater good.

Nina Turner

A Quote by Bill Bonner

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