--- title: "Meaning & Key Takeaway of: I'm an economist by training. And I know…" description: "\"I'm an economist by training. And I know that what works is a permanent increase in buying power.\" — Sarah Steelman" image: "https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png" --- # I'm an economist by training. And I know that what works… ![“I'm an economist by training. And I know that what works is a permanent increase in buying power.” quote by Sarah Steelman](https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png) [Download](https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png) [Open image](https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png) > “I'm an economist by training. And I know that what works is a permanent increase in buying power.” [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A lasting boost in purchasing power drives sustained economic activity. **In simple terms:** Increase buying power sustains growth. Key Takeaway Focus on boosting consumer purchasing power. Themes economics policy consumer behavior Mood policy economic Type practical analytical When to use this quote - tax reform - minimum wage adjustments - stimulus measures Key Concepts inflation wage growth monetary policy Questions to Reflect On - How can we raise purchasing power without sparking inflation? - What policies best sustain consumer spending? A Different Perspective Permanent increases may cause inflation if not managed. ★ ★ ★ ★ ★ No ratings yet [Buying](https://sms4smile.com/quotes/about/buying/) [Buying power](https://sms4smile.com/quotes/about/buying-power/) [Economist](https://sms4smile.com/quotes/about/economist/) [Fitness](https://sms4smile.com/quotes/about/fitness/) [Training](https://sms4smile.com/quotes/about/training/) ## Related quotes > [I'm an economist by training. I don't really work as an economist. I only worked briefly as an economist.](https://sms4smile.com/quotes/ben-stein/i-m-an-economist-by-training-i-don-t-really-work-as-an-economist-i/) [Ben Stein](https://sms4smile.com/quotes/author/ben-stein/) > [I'm Harvard-educated; I'm an economist by training. I'm an author, a journalist, as well as being active in community development.](https://sms4smile.com/quotes/winona-laduke/i-m-harvard-educated-i-m-an-economist-by-training-i-m-an-author-a/) [Winona LaDuke](https://sms4smile.com/quotes/author/winona-laduke/) > [We can be content with simplicity because the deepest most satisfying delights God gives us through creation are free gifts from nature and from…](https://sms4smile.com/quotes/john-piper/we-can-be-content-with-simplicity-because-the-deepest-most-satisfying/) [John Piper](https://sms4smile.com/quotes/author/john-piper/) > [African American women in particular have incredible buying power. Statistically, we go to the movies more than anyone. We have made Tyler Perrys career.…](https://sms4smile.com/quotes/lynn-nottage/african-american-women-in-particular-have-incredible-buying-power/) [Lynn Nottage](https://sms4smile.com/quotes/author/lynn-nottage/) > [As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with…](https://sms4smile.com/quotes/marriner-stoddard-eccles/as-mass-production-has-to-be-accompanied-by-mass-consumption-mass/) Marriner Stoddard Eccles > [The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying…](https://sms4smile.com/quotes/abraham-lincoln/the-government-should-create-issue-and-circulate-all-the-currency-and/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [Then why flounder around waiting for good business? Get the costs down by better management. Get the prices down to the buying power.](https://sms4smile.com/quotes/henry-ford/then-why-flounder-around-waiting-for-good-business-get-the-costs-down/) [Henry Ford](https://sms4smile.com/quotes/author/henry-ford/) > [I can only hope that one day soon we'll understand our true economic buying power by investing in our own communities and putting our…](https://sms4smile.com/quotes/t-i/i-can-only-hope-that-one-day-soon-we-ll-understand-our-true-economic/) T.I > [“By buying the power of the workman, the capitalist has, therefore, acquired the right to use of make that labouring power during the whole…](https://sms4smile.com/quotes/karl-marx/by-buying-the-power-of-the-workman-the-capitalist-has-therefore/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) > [The buying power of clubs is very different. You can't sign players if you don't have money, and if there is no money, that's…](https://sms4smile.com/quotes/pepe-reina/the-buying-power-of-clubs-is-very-different-you-can-t-sign-players-if/) [Pepe Reina](https://sms4smile.com/quotes/author/pepe-reina/) > [China is clearly going to be the number one economic power and it is already full of potential.. with lots of population and the…](https://sms4smile.com/quotes/bernard-arnault/china-is-clearly-going-to-be-the-number-one-economic-power-and-it-is/) [Bernard Arnault](https://sms4smile.com/quotes/author/bernard-arnault/) > [“The price you will offer yourself to the world, is how much they will buy you.”](https://sms4smile.com/quotes/lailah-gifty-akita/the-price-you-will-offer-yourself-to-the-world-is-how-much-they-will/) [Lailah Gifty Akita](https://sms4smile.com/quotes/author/lailah-gifty-akita/) > [There is no technical reason why we could not feed a world of nine billion people. Hunger is a matter of buying power, not…](https://sms4smile.com/quotes/louise-fresco/there-is-no-technical-reason-why-we-could-not-feed-a-world-of-nine/) [Louise Fresco](https://sms4smile.com/quotes/author/louise-fresco/) > [More than ever before, consumers have the ability to unify their voices and coalesce their buying power to influence corporate behaviors.](https://sms4smile.com/quotes/simon-mainwaring/more-than-ever-before-consumers-have-the-ability-to-unify-their/) [Simon Mainwaring](https://sms4smile.com/quotes/author/simon-mainwaring/) > [The women are at an advantage - we represent the buying power in this country.](https://sms4smile.com/quotes/sandra-lee/the-women-are-at-an-advantage-we-represent-the-buying-power-in-this/) [Sandra Lee](https://sms4smile.com/quotes/author/sandra-lee/) ## More by Sarah Steelman > [Everything about Washington is inconsistent, because they say one thing and do another, which is what my opponent, Claire McCaskill, is very, very good…](https://sms4smile.com/quotes/sarah-steelman/everything-about-washington-is-inconsistent-because-they-say-one/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [Of course I am for stopping violence against women. It is unfortunate that the Senate Democrats are making the current re-authorization of Violence Against…](https://sms4smile.com/quotes/sarah-steelman/of-course-i-am-for-stopping-violence-against-women-it-is-unfortunate/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [Every day, President Obama and Senator McCaskill are making it harder for working mothers and women of all ages to find a good-paying job.…](https://sms4smile.com/quotes/sarah-steelman/every-day-president-obama-and-senator-mccaskill-are-making-it-harder/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [I am for lowering taxes.](https://sms4smile.com/quotes/sarah-steelman/i-am-for-lowering-taxes/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [I'm a working mom. I've been working since I was 14 years old.](https://sms4smile.com/quotes/sarah-steelman/i-m-a-working-mom-i-ve-been-working-since-i-was-14-years-old/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [I want to do my part in fighting for America's future. That's why I have decided to run for the United States Senate.](https://sms4smile.com/quotes/sarah-steelman/i-want-to-do-my-part-in-fighting-for-america-s-future-that-s-why-i/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [Roy Blunt is another white guy in a suit, and I think the public wants change. There's a good old boys' network out there…](https://sms4smile.com/quotes/sarah-steelman/roy-blunt-is-another-white-guy-in-a-suit-and-i-think-the-public-wants/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [There's a good old boys' network out there that's hard to penetrate and it's not always in the best interest of the party or…](https://sms4smile.com/quotes/sarah-steelman/there-s-a-good-old-boys-network-out-there-that-s-hard-to-penetrate/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) > [There are as many Democrats that are guilty as Republicans and their spending habits. And the fact is, is that Washington is just broken.](https://sms4smile.com/quotes/sarah-steelman/there-are-as-many-democrats-that-are-guilty-as-republicans-and-their/) [Sarah Steelman](https://sms4smile.com/quotes/author/sarah-steelman/) [Explore all 10 Sarah Steelman quotes ](https://sms4smile.com/quotes/author/sarah-steelman/) ## More Buying quotes > [To me, the beauty of a quilt or a dress lies within the stitches and the thought of the person who made them. When…](https://sms4smile.com/quotes/natalie/to-me-the-beauty-of-a-quilt-or-a-dress-lies-within-the-stitches-and/) [Natalie](https://sms4smile.com/quotes/author/natalie/) > [Look at music for what it's worth around the world and not just America. In other countries, people are still buying CDs and going…](https://sms4smile.com/quotes/snoop-dogg/look-at-music-for-what-it-s-worth-around-the-world-and-not-just/) [Snoop Dogg](https://sms4smile.com/quotes/author/snoop-dogg/) > [Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying…](https://sms4smile.com/quotes/marc-ostrofsky/corporations-invest-in-sophisticated-crm-or-customer-relationship/) [Marc Ostrofsky](https://sms4smile.com/quotes/author/marc-ostrofsky/) > [I'm being called in by all the great casting directors. It's no longer based on a headshot. I realize now what they're buying is…](https://sms4smile.com/quotes/nicholas-gonzalez/i-m-being-called-in-by-all-the-great-casting-directors-it-s-no-longer/) [Nicholas Gonzalez](https://sms4smile.com/quotes/author/nicholas-gonzalez/) > [Whether you are buying a car or casting a ballot, choosing a job or planning a family, follow your moral compass. Don't let others…](https://sms4smile.com/quotes/denis-hayes/whether-you-are-buying-a-car-or-casting-a-ballot-choosing-a-job-or/) [Denis Hayes](https://sms4smile.com/quotes/author/denis-hayes/) > [A hardback's harder at Christmas time because that's a good hardback buying time.](https://sms4smile.com/quotes/terry-pratchett/a-hardback-s-harder-at-christmas-time-because-that-s-a-good-hardback/) [Terry Pratchett](https://sms4smile.com/quotes/author/terry-pratchett/) > [Truth is, people like buying things for $0.99 and $1.99 for their digital devices. We know that from iTunes. We know that from the…](https://sms4smile.com/quotes/jennifer-lee/truth-is-people-like-buying-things-for-0-99-and-1-99-for-their/) [Jennifer Lee](https://sms4smile.com/quotes/author/jennifer-lee/) > [There's a whole generation of women who never really heard the word investment before, when it came to fashion. They've been buying things because…](https://sms4smile.com/quotes/michael-kors/there-s-a-whole-generation-of-women-who-never-really-heard-the-word/) [Michael Kors](https://sms4smile.com/quotes/author/michael-kors/) > [I think buying a home is the best investment that any individual can make](https://sms4smile.com/quotes/john-paulson/i-think-buying-a-home-is-the-best-investment-that-any-individual-can/) [John Paulson](https://sms4smile.com/quotes/author/john-paulson/) > [The more a prospective customer clicks on you and your stuff, the easier it is for them to make a buying decision in your…](https://sms4smile.com/quotes/jeffrey-gitomer/the-more-a-prospective-customer-clicks-on-you-and-your-stuff-the/) [Jeffrey Gitomer](https://sms4smile.com/quotes/author/jeffrey-gitomer/) > [“If you have half a nothing - sell it for a double something, resell half at double-price, and buy another something and a half…](https://sms4smile.com/quotes/will-advise/if-you-have-half-a-nothing-sell-it-for-a-double-something-resell-half/) Will Advise > [Every kid looks forward to buying their first JanSport backpack for school - you know my kids did!](https://sms4smile.com/quotes/michelle-buteau/every-kid-looks-forward-to-buying-their-first-jansport-backpack-for/) [Michelle Buteau](https://sms4smile.com/quotes/author/michelle-buteau/) > [What is the focus of the new image infrastructure? Attention. It's all designed for capturing, tracking, quantifying, manipulating, holding, buying, selling and controlling attention.](https://sms4smile.com/quotes/bruce-mau/what-is-the-focus-of-the-new-image-infrastructure-attention-it-s-all/) [Bruce Mau](https://sms4smile.com/quotes/author/bruce-mau/) > [It’s always going to be easy to live like others or other’s life, because creating or innovating something of own is always difficult in…](https://sms4smile.com/quotes/anuj/it-s-always-going-to-be-easy-to-live-like-others-or-other-s-life/) [Anuj](https://sms4smile.com/quotes/author/anuj/) > [The truth is, if I was maybe better or funnier or prettier, wouldn't I have starred in a movie? I can see it objectively…](https://sms4smile.com/quotes/judy-greer/the-truth-is-if-i-was-maybe-better-or-funnier-or-prettier-wouldn-t-i/) [Judy Greer](https://sms4smile.com/quotes/author/judy-greer/) [Browse all 1,598 Buying quotes ](https://sms4smile.com/quotes/about/buying/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I'm an economist by training. And I know that what works is a permanent increase in buying power.", "creator": { "@type": "Person", "name": "Sarah Steelman" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/sarah-steelman/i-m-an-economist-by-training-and-i-know-that-what-works-is-a/", "about": { "@type": "Thing", "name": "Buying" }, "@id": "https://sms4smile.com/quotes/sarah-steelman/i-m-an-economist-by-training-and-i-know-that-what-works-is-a/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png", "contentUrl": "https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png", "url": "https://sms4smile.com/quotes/i/376/sarah-steelman-40735_buying_i-m-an-economist-by-training-and-i-know_1435339.png", "width": 1080, "height": 1080, "caption": "“I'm an economist by training. And I know that what works is a permanent increase in buying power.” — Sarah Steelman", "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": "Sarah Steelman", "item": "https://sms4smile.com/quotes/author/sarah-steelman/" }, { "@type": "ListItem", "position": 4, "name": "I'm an economist by training. And...", "item": "https://sms4smile.com/quotes/sarah-steelman/i-m-an-economist-by-training-and-i-know-that-what-works-is-a/" } ], "@id": "https://sms4smile.com/quotes/sarah-steelman/i-m-an-economist-by-training-and-i-know-that-what-works-is-a/#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 } } ] } ```