"And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that."

Action

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Insight & Reflection

When Michael Bloomberg speaks about action, it invites us to pause and reflect on our own journey. How often do we consider the subtle impacts of action in our daily lives? This thought-provoking perspective challenges conventional wisdom and encourages a deeper understanding of ourselves.

About Michael Bloomberg

Michael Rubens Bloomberg is an American businessman and politician. He is the majority owner and co-founder of Bloomberg L.P., and was its CEO from 1981 to 2001, and again from 2014 to 2023. He served as the 109th mayor of New York City from 2002 to 2013. He was a lifelong Democrat until 2001, when he switched to the Republican Party to run for mayor, and later becoming an Independent in 2007. Bloomberg is the most recent mayor of New York City to serve as a Republican or Independent. In 2018, he rejoined the Democratic Party, after which he ran an unsuccessful campaign for the 2020 Democratic nomination for president of the United States. Bloomberg is a centibillionaire, worth $109.4 billion as of March 2026, making him the 18th richest person in the world.

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Editorial Note: This quote is curated and fact-checked by the Quotes Archive Editorial Team. Verified Literature Specialist.

More by Michael Bloomberg

"You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy."

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More about Action

"I decided, very early on, just to accept life unconditionally I never expected it to do anything special for me, yet I seemed to accomplish far more than I had ever hoped. Most of the time it just happened to me without my ever seeking it."

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"It is a timeless truth that rise early, act with intent, and let your accomplishments speak with silent authority — an essential principle for the reflective life."

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