"And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting"
- Arthur Laffer
About this Quote
This quote by Arthur Laffer is highlighting the significance of contracting out for the U.S. economy. He is suggesting that when organizations outsource, the cash they spend is not lost, however rather is spent on U.S. items or invested back into the U.S. market. This is helpful for the U.S. economy due to the fact that it helps to create jobs and stimulate economic development. Laffer is likewise stressing the significance of accounting in this quote, as it is essential to track where the money is going and how it is being used. By comprehending the economic effect of outsourcing, services can make informed choices that will benefit the U.S. economy.
This quote is written / told by Arthur Laffer somewhere between August 14, 1940 and today. He was a famous Economist from USA.
The author also have 21 other quotes.
"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
"I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father had to pay her one dollar a month for me. Us kids that went to school did not have desks, we used slates and set on the hued down logs for seats"
"My price is five dollars for a miniature on ivory, and I have engaged three or four at that price. My price for profiles is one dollar, and everybody is willing to engage me at that price"
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure"
"I really wish there was some big brother conspiracy theory. I just think it's the ignorance of trying to make a dollar. That's what the networks have done and will continue to do. If anyone doesn't think that this is about making money, then they're crazy"
