Henry Ford Quote on Purchasing Power and Economy

„An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business depression is through purchasing power, and the source of purchasing power is wages.“

Henry FordHenry Ford emphasizes the role of wages and purchasing power in overcoming economic crises and depressions.
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Henry Ford was an American industrialist and founder of the Ford Motor Company, known for introducing assembly line production.

Quote by Henry Ford on the importance of wages and purchasing power in overcoming economic depression.


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Henry Ford quote about purchasing power, wages, and business depression

Henry Ford (1863–1947) was a prominent American businessman and inventor who revolutionized the automobile industry. He made cars affordable to the masses by introducing assembly line production and pioneered modern mass production.

Quote by Ludwig von Mises about artificial booms and economic crisesCopyright © yoice.net – Quote Artwork
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"True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression." Ludwig von Mises
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