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Louis O. Kelso

Louis O. Kelso Quotes

Economist

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Famous Louis O. Kelso Quotes

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

LongImportantWisdomRunningYoungTurnsCoursesPoliticsIndividualGivenAnswersMoralEconomyEconomicEventsYouthCircumstancesInstitutionsFinancialDetermineConvictionFinanceLiberalismLong RunsEldersFramework
Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals
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“The Roman arena was technically a level playing field. But on one side were the lions with all the weapons, and on the other the Christians with all the blood. That's not a level playing field. That's a slaughter. And so is putting people into the economy without equipping them with capital, while equipping a tiny handful of people with hundreds and thousands of times more than they can use.”

PeopleUseChristianSidesLevelsEconomyBloodFieldsWeaponsTinyLionsArenaHandfulSlaughterPlaying FieldsLevel Playing Field
Author:Louis O. Kelso
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“They sense that there's a majority out there and that the emotions are all on the other side-if they can be heard. They think the politicians are going to yield to the emotions. I think the corporations are wrong about that. I think the companies will have to give in only at insignificant levels. Because the companies are too strong, they're the establishment. The environmentalists are going to have to be like the mob in the square in Romania before they prevail.”

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Author:Louis O. Kelso
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