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.”
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.
Consider the domestic impact of outsourcing.
Themes
Mood
Type
When to use this quote
- budget planning
- corporate procurement
- policy analysis
Key Concepts
Questions to Reflect On
- Is all outsourcing beneficial to the U.S.?
- What are hidden costs of offshoring?
Claims may oversimplify complex supply chains.