A Quote by Ludwig von Mises

Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.

Ludwig von Mises

Quote Topics

Additional Borrowing Cannot Citizens Create Creates Funds Government Government Spending Hand Jobs Many Other Provides Public Required Spending

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.

Thomas Sowell

The government can't create jobs; they'll destroy jobs trying to do it. The government doesn't have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.

Peter Schiff

Business creates jobs; government does not. Government creates a whole slew of jobs each time a new program or scheme is implemented, but always at the expense of the taxpayer. Small businesses invest in new businesses, which results in more jobs.

Ralph Norman

Government investment unlocks a huge amount of private sector activity, but the basic research that we put into IT work that led to the Internet and lots of great companies and jobs, the basic work we put into the health care sector, where it's over $30 billion a year in R&D that led the biotech and pharma jobs. And it creates jobs and it creates new technologies that will be productized. But the government has to prime the pump here. The basic ideas, as in those other industries, start with government investment.

Bill Gates

Government does not create jobs, it only creates the conditions that make jobs more or less likely.

Mitch Daniels

Who uses funds more productively - private citizens or the government? I dare say that Warren Buffett can use his surplus funds more effectively in private business and creating jobs than the government can.

Mark Skousen

According to government auditors, the stimulus money is being held up because there aren't enough government workers to oversee the spending. So follow me, in other words, government workers who aren't there are needed to spend money we don't have to create jobs that don't exist.

Jay Leno

If you look at the fact that the best chance we have for a good economy is the private sector. The government cannot create jobs. If the government could create jobs, then Communism would have worked. But didn't work. So what we have to do is allow the private sector and the entrepreneurial spirit to lead us back to a job-filled recovery.

Tim Scott

The government itself cannot create jobs. Jobs are created by business people and entrepreneurs.

Tom Marino

It's been said that government doesn't create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand.

Christine Gregoire

The Gillard government must give up its addiction to wasteful spending borrowing and taxing.

Julie Bishop

What is a government supposed to do for its people? To improve the standard of living, to help them get jobs, get kids to schools, and have access to medicine and hospitals. Government may not directly provide these public goods and services, but government must be accountable for whether or not they are delivered to citizens.

Mo Ibrahim

I just believe that government borrowing and spending doesn't lead to economic prosperity, growth, or sustainable jobs. I know that it comes from the private sector: people who invest in their businesses and ideas.

Sean Duffy

Republicans know that government spending creates jobs. They just want that spending to be funneled to their projects and districts... and they certainly don't want to say it out loud.

Jennifer Granholm

In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.