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Saving Quotes

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Saving Quotes

“capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.”

MadeCountryResultsWasteEconomicsTradeNotionExcuseSpendingSavingSubstanceDecreaseExtravaganceSpendthrift
Book:Political Economy for Beginners
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“When a miser contents himself with giving nothing, and saving what he has got, and is in other respects guilty of no injustice, he is, perhaps, of all bad men the least injurious to society; the evil he does is properly nothing more than the omission of the good he might do. If, of all the vices, avarice is the most generally detested, it is the effect of an avidity common to all men; it is because men hate those from whom they can expect nothing. The greedy misers rail at sordid misers.”

IfsMenGivingDoeMightHateEvilCommonEffectsInjusticeVicesGuiltySavingGreedyAvariceRailBad ManMisersOmissionExpect Nothing
Author:Claude Adrien Helvetius
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“The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.”

Has BeensStatesGovernmentNationsSimplePlansMembersBenefitsSolutionsStrategyInvestmentInvestingBillionsLocalsSavingCorporationsServantGiantsEmployeeRemarkableFundRetirementAssetsFederal GovernmentAdoptedSavingsPensionCornerstonesThriftPublic ServantsLocal GovernmentIndex FundsArmed ServicesGovernment EmployeesIndexingPension Plans
Author:David F. Swensen
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“I report the assault on nature evidenced in coal mining that tears the tops off mountains and dumps them into rivers, sacrificing the health and lives of those in the river valleys to short-term profit, and I see a link between that process and the stock-market frenzy which scorns long-term investments-genuine savings-in favor of quick turnovers and speculative bubbles whose inevitable bursting leaves insiders with stuffed pockets and millions of small stockholders, pensioners, and employees out of work, out of luck, and out of hope.”

LongProcessTermMillionsSacrificeTearsMountainRiversLuckInvestmentEnvironmentalProfitWork OutFavorsGenuineSavingInevitableLong TermReportsEmployeePocketsLinksValleysBubblesSustainabilityAssaultCoalScornShort TermSavingsDumpBurstingFrenzyMiningInsidersTurnoverCoal MiningHealth And Life
Author:Bill Moyers
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“The real work of planet-saving will be small, humble, and humbling, and (insofar as it involves love) pleasing and rewarding. Its jobs will be too many to count, too many to report, too many to be publicly noticed or rewarded, too small to make anyone rich or famous.”

RealJobsRichPlanetsEnvironmentalHumbleSavingReportsSustainabilityHumblingReal Work
Book:Sex, Economy, Freedom & Community: Eight Essays
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“... these are the two factors that lead to the destruction of our environment: money and time-or to say it another way, greed and haste. The question is, or seems to be, are we going to have an immediate profit and an immediate saving of time, or are we going to do what we really should do as God's children?”

WayShouldChildrenTwoSeemsEnvironmentDestructionEnvironmentalGreedProfitFactorsSavingAnother WayStewardshipOur EnvironmentHaste
Author:Francis Schaeffer
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“Technologies, including cell phones, have the potential to help millions of poor people out of poverty by enabling access to a range of safe, affordable financial services - most importantly, savings accounts - that have long been out of reach.”

PeopleLongHelpingPoorPovertyMillionsTechnologySafeAccountsIncludingFinancialPhonesAccessSavingCellsRangePoor PeopleSavingsCell PhoneAffordableEnablingSavings AccountsFinancial Services
Author:Sylvia Mathews Burwell
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“In the name of economy a thousand wasteful devices would be invented; and in the name of efficiency new forms of mechanical time-wasting would be devised: both processes gained speed through the nineteenth century and have come close to the limit of extravagant futility in our own time. But labor-saving devices could only achieve their end-that of freeing mankind for higher functions-if the standard of living remained stable. The dogma of increasing wants nullified every real economy and set the community in a collective squirrel-cage.”

IfsWantRealEndsWould BeFormNamesProcessCommunityEconomyAchieveMankindCenturyHigherThousandLimitsStandardsLaborFunctionSpeedSavingCollectivesDevicesWasting TimeStableDogmaEfficiencyConsumerismCagesNineteenth CenturyFutilityOverconsumptionExtravagantStandards Of LivingSquirrels
Author:Lewis Mumford
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“By the same token, frozen dinners, a microwave oven, a dishwasher, and an illegal immigrant hired to clean the house and take one's cat to the vet would have seemed like the epitome of materialism in another time, but now provide the only means available for two-career couples to work hard enough at their jobs to earn the salaries they need to pay for those labor-saving amenities.”

NeedsMeanTwoHardEnoughJobsHousePayCareersHard WorkCoupleLaborCatCleanAvailableDinnerSavingImmigrantsMaterialismIllegalConsumerismFrozenSalaryOverconsumptionTokensOvensIllegal ImmigrantsAnother TimeEpitomeVetsMicrowavesDishwashersAmenities
Author:Robert Wuthnow
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“I think that the movement against the World Bank, against the globalization process that is happening, is very positive. We need a globalization, a globalization of people who are committed to social justice, to economic justice. We need a globalization of people who are committed to saving this earth, to making sure that the water is drinkable, that the air is breathable.”

PeopleThinkingWorldNeedsEarthSocialProcessWaterJusticeAirEconomicMovementHappeningsSocial JusticeCommittedSavingGlobalizationVery PositiveEconomic JusticeWorld Bank
Author:Assata Shakur
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“The important issue is not how much inequality there is but how much opportunity there is for individuals to get out of the bottom classes and into the top. If there is enough movement upward, people will accept the efficiency of the markets. If you have opportunity, there is a great tolerance for inequality. That has been the saving grace of the American system.”

PeopleIfsHas BeensImportantEnoughOpportunityIndividualAcceptingClassIssuesGraceMovementBottomToleranceInequalitySavingEfficiencyImportant IssuesSaving Grace
Author:Milton Friedman
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