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Accounting Quote by Arthur Laffer

“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.” quote by Arthur Laffer
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“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

Source Speech: Economic Policy Address, 2012

Points out that outsourcing expenditures ultimately benefit the U.S. economy through goods or reinvestment.

In simple terms: Outsourcing money ends up supporting U.S. goods or investment.

Key Takeaway

Consider the domestic impact of outsourcing.

Themes

economics policy global trade investment

Mood

critical informative

Type

analytical policy

When to use this quote

  • budget planning
  • corporate procurement
  • policy analysis

Key Concepts

trade balance domestic job creation financial flows

Questions to Reflect On

  • Is all outsourcing beneficial to the U.S.?
  • What are hidden costs of offshoring?
A Different Perspective

Claims may oversimplify complex supply chains.

3.1 out of 5 (4 ratings)

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