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What is scarce is money. The lack of money to spend on goods is what keeps the unemployed resources from producing more goods. Work, moreover, instead of being a curse, is desired more than anything else because the alternative is not enjoyment of leisure but the suffering of unemployment and deprivation. Of course, if people could get income without they would not object too much (although their self-respect in feeling they are useful members in society who are earning their income is too easily underestimated). But it is only by finding work they can obtain the necessary income they need.
--
On the causes of unemployment (1951, pg.147-48)

 

Abba Lerner

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There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income.

 

Milton Friedman

 

Here’s why I would recommend against [selling the U.S. stock markets short]....Retail brokers normally require investors to hold any short-sale proceeds in U.S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value....I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest.

 

Peter Schiff

 

And I say again, you need not worry any more about money. If I were to drop dead this instant, I have enough to double your present income if you never touched a cent of the principle. If you take a notion to do something that costs more than your income warrants, you need only let me know. You can have it.

 

Rose Wilder Lane

 

The liberals were right when they insisted that we had enough food and goods for all of our people. But they did not — and we still do not — know how to distribute those goods in a rational way. We have failed to figure out how to turn this abundance into an advantage. The liberals were also right about labor-saving. If we evenly distributed the work that needs to be done, there ought to be a lot of time left over for everybody to have the leisure that people need. But we have managed to reverse that. Today, a great many people cannot find any work. People are dispossessed and cannot support themselves or their families. Many are homeless. For many others, work has become a rat race: something to be endured, not enjoyed.
Today we are witnessing an impoverishment: the apparent drying up of resources for all kinds of things that are badly needed. We seem to have no money for housing, for education, or for health and social services. And yet we have a deficit, and we are told by candidates for public office that we must cut the federal budget even more. This impoverishment is a mystery.

 

Charles A. Reich

 

What Senator McCain has lately been suggesting is that somehow I'm going to take money from people making over $250,000, and give it to people who "pay no taxes". What he's confusing is the fact that even if you don't pay income tax, there are a lot of people who don't pay income tax, but you're still paying a whole lot of other taxes. You're paying payroll tax, which is a huge burden on a lot of middle-income families. You're paying sales taxes. You're paying property taxes. There are a whole host of taxes that you're paying. So when we provide an offset to the waitress or the janitor, these folks are working. This isn't some giveaway to people who are on welfare. This is giving help to people who are working hard every day.

 

Barack Obama