Quote by Michael Bloomberg

And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.

And I think the more money you put in people's hands, the mo

Summary

This quote highlights the belief that injecting money into the economy through the hands of individuals leads to increased spending and potential investments. The speaker argues that when people have more money, they are likely to either spend it, stimulating consumer demand and economic growth, or invest it in mutual funds or banks. This investment, in turn, allows these financial institutions to provide loans and funding to businesses, ultimately creating job opportunities. The quote emphasizes the importance of encouraging spending and investing in order to foster economic prosperity.

Topics

Money

By Michael Bloomberg

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