“Veblen called it the price-system. Mills called it the Power Elite. It's probably no more than ninety-nine people who don't know what they are doing. They're involved in high finance. Fascinating form of gambling.” CapitalismEconomicsFinancial MarketsOne Percent1 PercentFinance HumorPower ElitePrice System Book:M: Writings '67–'72 Source: M: Writings '67–'72
“Like the monetarist Milton Friedman, Keynes looked to price stability as a way to shore up classical economic thinking. For the most part, he believed, laissez-faire economics worked. Supply and demand did bring society to a prosperous equilibrium. They just needed a few pieces of basic economic architecture to work: property rights, the rule of law, and price stability. But unlike Friedman, Keynes had arrived at monetarism as a creative way to expand the power of the state to fight the uncertainties and anxieties of postwar life.” LawEconomicsPropertyMilton FriedmanJohn Maynard KeynesPrice SystemMonetarism Book:The General Theory of Employment, Interest and Money AND Essays In Persuasion Source: The General Theory of Employment, Interest and Money AND Essays In Persuasion