"Sound money is the sine qua non of a prosperous society"
- Arthur Laffer
About this Quote
This quote by Arthur Laffer highlights the importance of sound cash in a flourishing society. Sound money is money that is stable in worth and is accepted as a cash. It is a reliable shop of value and a system of account. Without sound cash, a society can not have a stable economy and its people can not have financial security. Sound money is important for economic growth and development, as it permits the efficient allowance of resources and encourages investment. It also helps to minimize inflation and provides a stable environment for companies to run in. Without sound money, a society can not have a prosperous economy and its people can not have economic security.
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.
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
"Having soon discovered to be great, I must appear so, and therefore studiously avoided mixing in society, and wrapped myself in mystery, devoting my time to fasting and prayer"
