George M. Humphrey Quotes
I do not think that you can spend yourself rich.
Context
He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.
Topics
Budgets, Budgeting
Economy
Government Spending
Pump Priming
Wealth
Appropriation
Economic Policy
Economic Security, Economic Insecurity, Financial Security, Financial Insecurity
Financial Independence, Fiscal Independence, Economic Independence
Frugality
Investing
Money Management
Stimulus
Stimulus Spending
Wealth Creation
Wealth Managers, Wealth Management
Financial Planning
Saving Money
Financial Freedom
Financial Stability
Economics
Excessive Spending
Financial Goals
Financial Literacy
Overspending
Personal Finance
Citations
George M. Humphrey, 1890-1970, U. S. Treasury Secretary (Republican), 1957
Sourced by: Eigen's Political and Historical Quotations
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George Magoffin Humphrey was an American lawyer, businessman and banker. He served as the United States Secretary of the Treasury for President Dwight D. Eisenhower.