Home / Quotes / Quote by John Maynard Keynes

Quote by John Maynard Keynes

“The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.”

Quote by John Maynard Keynes

Author

John Maynard Keynes

John Maynard Keynes, born on June 5, 1883, was a prominent British economist whose work had a profound impact on the field of economics, particularly in the area of macroeconomics. His theories advocating for government intervention to stabilize the economy gained widespread application during the Great Depression of the 1930s. more

You May Also Like

“Economics brings into full view that conflict of choice which is one of the permanent characteristics of human existence.”

Humans Choices Views Existence Conflict Economics Permanent Characteristics Human Existence

Author:Lionel Robbins, Baron Robbins

“Money possesses no value to the state other than that given to it by circulation.”

States Values Given Monetary Circulation

Author:Abraham Lincoln

“Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money [interest].”

Men Should Important Order Social Interest Structure Protection Entitled Wages Monetary Social Order

Author:Abraham Lincoln

“No duty is more imperative for the government than the duty it ;owes the people to furnish them with a sound and uniform currency, an of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges.”

People Government Sound Interest Duty Safe Labor Debt Mediums Protected Commerce Currency Uniforms Vicious Imperatives Monetary Circulation

Author:Abraham Lincoln

“The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.”

People Needs May Mean Use Values Issues Paper Gold Bases Available Silver Substitutes Permit Currency Volume Coins Inadequate Monetary Fluctuation Intrinsic Value Gold And Silver

Author:Abraham Lincoln

“Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.”

Should Government Suffering Individual Nations Loss Behinds Credit Currency Monetary Bankruptcy Deposits Depreciation

Author:Abraham Lincoln

“Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as a means of financing government work and public enterprises.”

Needs Should Mean Government Enjoy Interest Issues Credit Enterprise Currency Taxation Monetary Possessing Circulation Financing Government Work

Author:Abraham Lincoln

“The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity.”

Government Opportunity Creative Creating Privilege Supreme Monetary Central Banks Prerogative Bankers And Banks Central Banking

Author:Abraham Lincoln

“By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.”

“Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.”

Humanity Democracy Masters Cease Superiors Servant Monetary Money Power

Author:Abraham Lincoln