Open Wiki Open WikiOpen InfoG Open InfoGNew Quote New Quote

Quote from John Maynard Keynes,


"If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is."


By:

John Maynard Keynes (more quotes by John Maynard Keynes or books by/about John Maynard Keynes)


(1883-1946) British economist

Source:

The General Theory of Employment, Interest and Money (London: Macmillan, 1936), p. 129.

Categories:

Collectivist, Economics, Money, Prosperity, Socialism, Statism, Wealth

Rating:

Get a Quote-A-Day!
Liberty Quotes sent to your mail box.
Email:  More quotes...