Garet Garrett Quotes

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

Savings and investment are indissolubly linked. It is impossible to encourage one and discourage the other.

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

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

Economy is a savings-bank, into which men drop pennies, and get dollars in return.

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.

Two conditions of self-sustaining growth are that a country has acquired a cadre of domestic entrepreneurs and administrators and, secondly, that it has attained to adequate savings and taxable capacity.

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

My house is paid for because of wrestling, and it's given me a nice savings.

Consumption is the death of capital, and the only valid arguments in favor of consumption are arguments in favor of death itself.

Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.

Capitals are increased by parsimony, and diminished by prodigalityand misconduct. By what a frugal man annually saves he not onlyaffords maintenance to an additional number of productive hands?but?he establishes as it were a perpetual fund for the maintenance of an equal number in all times to come.

Capital brings forth living offspring, or at the least, lays the golden eggs.

The goose lays the golden egg. Payrolls make consumers.

We have no obligation to make history. We have no obligation to make art. We have no obligation to make a statement. Our obligation is to make money.

Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion.

I know how to make stuff happen, how to create wealth, create jobs, create investment.

A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.

It's not just that families can't buy a home or start a business without some savings tucked away.

I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.

You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.

Wealth can only be accumulated by the earnings of industry and the savings of frugality.

I want to buy them, because historically these have been great engines of enrichment for the middle class, 'historically' meaning now for a good ten years.