Multiplier Effect Quotes

I would rather earn 1% off a 100 people's efforts than 100% of my own efforts.

Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

A robber who justified his theft by saying that he really helped his victims, by his spending giving a boost to retail trade, would find few converts; but when this theory is clothed in Keynesian equations and impressive references to the 'multiplier effect,' it unfortunately carries more conviction.

Refrain from claiming that public works created indirect jobs as a result of spending by construction workers

The most successful people start with dominant talent—and then add skills, knowledge, and practice to the mix. When they do this, the raw talent actually serves as a multiplier.

Manufacturing still has the greatest multiplier effect, in terms of job creation, of any sector of the economy.

If telecom are seen as a rightful infrastructure for the growth of many other sectors in the economy and the multiplier force, then I think it doesn't deserve to be taxed so high.

Disciples of Keynes, who focus on aggregate demand, view any increase in household wealth as raising employment because they say it adds to consumer demand.

Keynes's contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.

When a small business grows like eBay did, it has a multiplier effect. It creates other small businesses that supply it with intellectual capital, goods and services.

The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.

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.

While it may seem small, the ripple effects of small things is extraordinary.

The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.

Keynesian economics has always been needed.

Every cause produces more than one effect.

The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates, and I certainly try to teach them the truth.

I'm hoping there'll be, if not a boom, then a big pick-up in housing because if that happens, then it will employ a lot of people, and the domino effect will go through the community, and it will help everyone.

Don't accept that you can't make a difference. Because if you can't make a difference, you won't make a difference, and if you put a multiplier on that we will continue on an unsustainable pathway.

Getting rid of a problem in one area improves the situations in ten areas.