Quotation 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

Michael Bloomberg

Money

Understanding this quote AI Analysis

When people receive more money, they tend to either buy things or invest their extra cash. Investing helps create jobs because it provides funds to businesses through banks or mutual funds, which then use that money to grow and hire more workers.

More by this author

All quotes by Michael Bloomberg →

More quotes about Money

See all →

When I was young I thought that money was the most important thing in life now that I am old I know that it is.

A little thought and a little kindness are often worth more than a great deal of money.

Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.

The lack of money is the root of all evil.

Honesty is the best policy - when there is money in it.

For I can raise no money by vile means.