Peter Schiff Quotes

We cannot cut our way to prosperity.

Savings is the fundamental input for capital investment, and capital investment is the primary ingredient in productivity.

Regardless of how it is funded, consumption does not increase productivity; investment and innovation do.

I had learned what wealth was, and a great deal about production and exchange for myself in the early history of South Australia - of the value of machinery, of roads and bridges, and of ports for transport and export.

I believe Mexico should dedicate 100% of its oil revenues to developing human capital and technological development. None of us politicians should be able to touch that money.

By far the greatest part of those goods which are the objects of desire, are procured by labour; and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them.

The great hinderance to the development of this continent has lain in the lack of capital.

... a better government: more complete security of property; moderate taxes; a more permanent ... tenure of land ... the introduction of foreign arts ... and the introduction of foreign capital, which renders the increase of production no longer exclusively on the thrift or providence of the inhabitants themselves.

Deficits aren't always bad if you invest the money.

The greater security of property is one of the main conditions and causes of greater production.

… compared to circumstances where the birth rate remains high—a decline in fertility from high to low levels allows a population to save and invest more, both in terms of human capital (ie education and training) and in terms of physical capital (eg roads, factories, machinery.)

Opulent, civilized, and industrious nations, are greater consumers than poor ones, because they are infinitely greater producers.

American economic history does not support the idea that a strong economy depends on chronic federal borrowing.

The only remedy for Mexico's poverty which has appealed to our politicians has been to contract foreign loans, which have never been paid, and to invite foreign capital to invest in Mexico.

States and nations do not build wealth by storing cash in a bank vault. They build wealth by expanding human solutions to human problems in order that more and more of her people — living and yet to be born — are able to enjoy a higher quality of life.

Instead of leading the world by how much we borrow, it's time that we make sure we lead the world in how much we build and create and invest.

We want trade agreements that aid development and increase prosperity, growth and productivity at home and in our trade partner countries.

GDP is a function of capital, labour and how productively you use both.

To give him his credit, I never thought I'd say this, but Donald Trump was talking about the importance of investing in jobs and infrastructure and in the economies across the country, not just the main cities, and that's right.

Putting in place the building blocks for the future of our economy is common sense.

There can be no greater error then in supposing that capital is increased by non-consumption.

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

We must invest in infrastructure development and rebuilding communities to create jobs.

If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.

We need a tax code that promotes savings, investment, achievement, innovation, and hard work.