“The general character of our solution must be, therefore, that it withdraws from expenditure a proportion of the increased earnings. This is the only way, apart from shortages of goods or higher prices, by which we can secure a balance between money to be spent and goods to be bought.”

— John Maynard Keynes

Source: How to Pay for the War (1940), Ch. 2 : The Character of the Solution

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John Maynard Keynes 122

British economist 1883–1946

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“The general character of our solution must be, therefore, that it withdraws from expenditure a proportion of the increased earnings. This is the only way, apart from shortages of goods or higher prices, by which we can secure a balance between money to be spent and goods to be bought.”

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John Maynard Keynes 122

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