Purchasing Quotes - page 4
In an ever-advancing spiral the public was made to believe that only Hollywood-style extravaganzas were worth seeing and that only they could give an accurate sense of the world of art. The resulting box-office pressure made the museums still more dependent on corporate funding. Then came the recessions of the 1970s and 1980s. Many individual donors could no longer contribute at the accustomed rate, and inflation eroded the purchasing power of funds. To compound the financial problems, many governments, facing huge deficits-often due to sizable expansions of military budgets-cut their support for social services as well as their arts funding. Again museums felt they had no choice but to turn to corporation for a bail-out.
Hans Haacke
The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.
Joseph Schumpeter
There is another method of obtaining money... It does not presuppose the existence of accumulated results of previous development, and hence may be considered as the only one which is available in strict logic. This method of obtaining money is the creation of purchasing power by banks. The form it takes is immaterial.
Joseph Schumpeter
Gainsborough was never in Italy, and to atone in some measure for the injury which that negligence might prove to him, he was in the habit of borrowing, and sometimes purchasing, works of that school as objects of study. One day, finding him attentively examining the fine picture of Mola that represents 'Jupiter and Leda' from which it was with difficulty he could be parted, we inquired what it was that so particularly caught his attention. 'It is this manner of painting' replied the modest artist 'which I shall never attain, for Mola appears to have made it his own by patent.'
Thomas Gainsborough
We have introduced the monetary factor not by necessity but by choice. Its advantages are obvious. Self-financed commodity units are not only interest free, but free also from dependence upon credit conditions. They are a step-desirable, it seems to us-in the direction of a goods economy as distinct from a money economy; but this step is taken without violence by merely identifying basic goods with money. It guarantees unfailing purchasing power where it is most needed-among the countless producers of raw commodities.
Benjamin Graham
Now this essentially is the difference between the Republican party and the Democratic party. Philosophically, the Republican party believes that if you help big business to earn higher profit, they will then invest more money in plants. That will create more job opportunities. That will create full employment. They've got this trickle-down theory that you can build prosperity from the top down. The Democrats basically believe that you've got to build prosperity from the bottom up by expanding purchasing power, by doing the things that will make it possible for all the American people to participate in prosperity.
Walter Reuther
After many requests on my part the Congress passed a Fair Labor Standards Act, commonly called the Wages and Hours Bill. That Act - applying to products in interstate commerce-ends child labor, sets a floor below wages and a ceiling over hours of labor. Except perhaps for the Social Security Act, it is the most far-reaching, far-sighted program for the benefit of workers ever adopted here or in any other country. Without question it starts us toward a better standard of living and increases purchasing power to buy the products of farm and factory.
Franklin D. Roosevelt
