--- title: "Meaning & Key Takeaway of: The economy grows when families can spend…" description: "\"The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.\" — Mike Crapo" image: "https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg" --- # The economy grows when families can spend money on… ![“The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.” quote by Mike Crapo](https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg) [Download](https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg) [Open image](https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg) > “The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.” [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic growth is boosted when families control spending on their own priorities, not those dictated by federal mandates. **In simple terms:** Family‑driven spending fuels the economy. Key Takeaway Support policies that empower personal financial choices. Themes economics freedom policy Mood analytical pragmatic Type political economic When to use this quote - budget planning - tax reform - personal finance decisions Key Concepts fiscal autonomy consumer sovereignty Questions to Reflect On - What are the limits of personal spending in a shared economy? - How can we protect vulnerable groups while reducing federal control? A Different Perspective Government programs can address market failures and inequality. ★ ★ ★ ★ ★ No ratings yet [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Families](https://sms4smile.com/quotes/about/families/) [Family](https://sms4smile.com/quotes/about/family/) [Federal government](https://sms4smile.com/quotes/about/federal-government/) [Government](https://sms4smile.com/quotes/about/government/) [Money](https://sms4smile.com/quotes/about/money/) [Personal](https://sms4smile.com/quotes/about/personal/) [Politics](https://sms4smile.com/quotes/about/politics/) [Priorities](https://sms4smile.com/quotes/about/priorities/) ## Related quotes > [Obviously, family values mirror our personal priorities. Given the gravity of current conditions, would parents be willing to give up just one outside thing,…](https://sms4smile.com/quotes/neal-a-maxwell/obviously-family-values-mirror-our-personal-priorities-given-the/) [Neal A. Maxwell](https://sms4smile.com/quotes/author/neal-a-maxwell/) > [I'm fortunate to be in a position to support nonprofits that align with my personal priorities, which include women's health issues, cancer research, environmental…](https://sms4smile.com/quotes/channing-dungey/i-m-fortunate-to-be-in-a-position-to-support-nonprofits-that-align/) [Channing Dungey](https://sms4smile.com/quotes/author/channing-dungey/) > [When you put more money in the pockets of working families, they spend it on groceries, gas, school supplies, and other goods and services.…](https://sms4smile.com/quotes/tom-perez/when-you-put-more-money-in-the-pockets-of-working-families-they-spend/) [Tom Perez](https://sms4smile.com/quotes/author/tom-perez/) > [American families only spend 17 minutes a day on average having time together.](https://sms4smile.com/quotes/daniel-l-doctoroff/american-families-only-spend-17-minutes-a-day-on-average-having-time/) [Daniel L. Doctoroff](https://sms4smile.com/quotes/author/daniel-l-doctoroff/) > [The private sector is first of all much larger than the public sector. The waste we see in that sector does not result from…](https://sms4smile.com/quotes/robert-h-frank/the-private-sector-is-first-of-all-much-larger-than-the-public-sector/) [Robert H. Frank](https://sms4smile.com/quotes/author/robert-h-frank/) > [Working families spend about 90 percent of their income on consumption - buying stuff. The rich spend less than 45 percent.](https://sms4smile.com/quotes/jan-schakowsky/working-families-spend-about-90-percent-of-their-income-on/) [Jan Schakowsky](https://sms4smile.com/quotes/author/jan-schakowsky/) > [No matter how you slice it, limiting the SALT deduction forces New Jersey families to spend even more to subsidize Americans in less economically…](https://sms4smile.com/quotes/bob-menendez/no-matter-how-you-slice-it-limiting-the-salt-deduction-forces-new/) [Bob Menendez](https://sms4smile.com/quotes/author/bob-menendez/) > [“Families who spend more on housing spend less on their children.”](https://sms4smile.com/quotes/matthew-desmond/families-who-spend-more-on-housing-spend-less-on-their-children/) [Matthew Desmond](https://sms4smile.com/quotes/author/matthew-desmond/) > [Every dollar the government doesn't spend, tax, or borrow is a dollar that businesses and families can spend or invest themselves.](https://sms4smile.com/quotes/stephen-moore/every-dollar-the-government-doesn-t-spend-tax-or-borrow-is-a-dollar/) [Stephen Moore](https://sms4smile.com/quotes/author/stephen-moore/) > [When you put more money in the pockets of working families, they spend it on groceries, gas, school supplies, and other goods and services.…](https://sms4smile.com/quotes/anonymous/when-you-put-more-money-in-the-pockets-of-working-families-they-spend-2/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Families must spend more time together in work and recreation.](https://sms4smile.com/quotes/ezra-taft-benson/families-must-spend-more-time-together-in-work-and-recreation/) [Ezra Taft Benson](https://sms4smile.com/quotes/author/ezra-taft-benson/) > [“Families who spend more on housing spend less on their children.23 Poor families are living above their means, in apartments they cannot afford. The…](https://sms4smile.com/quotes/matthew-desmond/families-who-spend-more-on-housing-spend-less-on-their-children-23/) [Matthew Desmond](https://sms4smile.com/quotes/author/matthew-desmond/) > [What kind of economy grows for decades on end but doesn't allow most of the population to share in the gains from that growth?](https://sms4smile.com/quotes/mark-weisbrot/what-kind-of-economy-grows-for-decades-on-end-but-doesn-t-allow-most/) Mark Weisbrot > [As the economy grows, so will the demand for energy.](https://sms4smile.com/quotes/cliff-stearns/as-the-economy-grows-so-will-the-demand-for-energy/) [Cliff Stearns](https://sms4smile.com/quotes/author/cliff-stearns/) > [If the economy grows, housing gets better, quicker.](https://sms4smile.com/quotes/jamie-dimon/if-the-economy-grows-housing-gets-better-quicker/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) ## More by Mike Crapo > [Security is a component of everyday life that one spending time in Washington, D.C., gets accustomed to. Metal detectors, police vehicle barriers and heavily-armed…](https://sms4smile.com/quotes/mike-crapo/security-is-a-component-of-everyday-life-that-one-spending-time-in/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [I have a strong marriage, and my wife and I love each other.](https://sms4smile.com/quotes/mike-crapo/i-have-a-strong-marriage-and-my-wife-and-i-love-each-other/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [Individuals and businesses must participate in a national discussion about a simpler tax system, one that collects sufficient revenue to meet appropriate federal responsibilities,…](https://sms4smile.com/quotes/mike-crapo/individuals-and-businesses-must-participate-in-a-national-discussion/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [A major part of being prepared is having a plan. Local calls don't always work in the immediate vicinity of a disaster, so it's…](https://sms4smile.com/quotes/mike-crapo/a-major-part-of-being-prepared-is-having-a-plan-local-calls-don-t/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [We are gifted with freedom, but with that freedom comes the reality of the unknown and the responsibility to be aware of our surroundings…](https://sms4smile.com/quotes/mike-crapo/we-are-gifted-with-freedom-but-with-that-freedom-comes-the-reality-of/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [As you prepare for the many things that fall brings, such as school, harvest and winter, it is important to be prepared for the…](https://sms4smile.com/quotes/mike-crapo/as-you-prepare-for-the-many-things-that-fall-brings-such-as-school/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [The Declaration calls us to recognize the inherent equality of all people. And when it becomes unmistakably evident that a government is denying the…](https://sms4smile.com/quotes/mike-crapo/the-declaration-calls-us-to-recognize-the-inherent-equality-of-all/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [Simplicity just isn't a word synonymous with taxes.](https://sms4smile.com/quotes/mike-crapo/simplicity-just-isn-t-a-word-synonymous-with-taxes/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [I can think of a number of things more interesting to read about than tax law, but few things affect our lives more.](https://sms4smile.com/quotes/mike-crapo/i-can-think-of-a-number-of-things-more-interesting-to-read-about-than/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [Even with multiple instruction books, maneuvering the maze of the tax code is costly and time-consuming.](https://sms4smile.com/quotes/mike-crapo/even-with-multiple-instruction-books-maneuvering-the-maze-of-the-tax/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [Throwing off despotism and tyranny is our history and part of our national identity - something in which we can take incredible pride.](https://sms4smile.com/quotes/mike-crapo/throwing-off-despotism-and-tyranny-is-our-history-and-part-of-our/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) > [In January 1776, Thomas Paine issued 'Common Sense,' advocating independence from Great Britain.](https://sms4smile.com/quotes/mike-crapo/in-january-1776-thomas-paine-issued-common-sense-advocating/) [Mike Crapo](https://sms4smile.com/quotes/author/mike-crapo/) [Explore all 13 Mike Crapo quotes ](https://sms4smile.com/quotes/author/mike-crapo/) ## More Economics quotes > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.](https://sms4smile.com/quotes/mark-zandi/our-biggest-challenge-is-to-eliminate-the-popular-perception-that/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned…](https://sms4smile.com/quotes/charles-boustany/our-engagement-through-international-economics-trade-these-trade/) [Charles Boustany](https://sms4smile.com/quotes/author/charles-boustany/) > [“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the…](https://sms4smile.com/quotes/yaakov-malkin/the-free-market-economy-and-globalisation-process-have-brought-about/) Yaakov Malkin > [“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…](https://sms4smile.com/quotes/pierre-bourdieu/everything-economic-science-posits-as-given-that-is-the-range-of/) [Pierre Bourdieu](https://sms4smile.com/quotes/author/pierre-bourdieu/) > [Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…](https://sms4smile.com/quotes/kevin-rudd/politics-is-about-power-it-is-about-the-power-of-the-state-it-is/) [Kevin Rudd](https://sms4smile.com/quotes/author/kevin-rudd/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…](https://sms4smile.com/quotes/michael-c-mankins/a-select-group-of-high-performing-companies-have-managed-to-close-the/) [Michael C. Mankins](https://sms4smile.com/quotes/author/michael-c-mankins/) > [The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Economists think about what people ought to do. Psychologists watch what they actually do.](https://sms4smile.com/quotes/daniel-kahneman/economists-think-about-what-people-ought-to-do-psychologists-watch/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.](https://sms4smile.com/quotes/frederic-bastiat/the-politician-attempts-to-remedy-the-evil-by-increasing-the-very/) [Frederic Bastiat](https://sms4smile.com/quotes/author/frederic-bastiat/) > [“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are…](https://sms4smile.com/quotes/karl-marx/economists-have-a-singular-method-of-procedure-there-are-only-two/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) > [As the variable capital always stays in the hands of the capitalist in some form or other, it cannot be claimed in any way…](https://sms4smile.com/quotes/karl-marx/as-the-variable-capital-always-stays-in-the-hands-of-the-capitalist/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) [Browse all 7,788 Economics quotes ](https://sms4smile.com/quotes/about/economics/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.", "creator": { "@type": "Person", "name": "Mike Crapo" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/mike-crapo/the-economy-grows-when-families-can-spend-money-on-personal/", "about": { "@type": "Thing", "name": "Economics" }, "@id": "https://sms4smile.com/quotes/mike-crapo/the-economy-grows-when-families-can-spend-money-on-personal/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg", "contentUrl": "https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg", "url": "https://sms4smile.com/quotes/i/446/mike-crapo-35121_economics_the-economy-grows-when-families-can-spen_276878.jpg", "width": 1080, "height": 1080, "caption": "“The economy grows when families can spend money on personal priorities rather than priorities imposed by the…” — Mike Crapo", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Mike Crapo", "item": "https://sms4smile.com/quotes/author/mike-crapo/" }, { "@type": "ListItem", "position": 4, "name": "The economy grows when families can...", "item": "https://sms4smile.com/quotes/mike-crapo/the-economy-grows-when-families-can-spend-money-on-personal/" } ], "@id": "https://sms4smile.com/quotes/mike-crapo/the-economy-grows-when-families-can-spend-money-on-personal/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```