“By what modus operandi does credit restriction attain this result? In no other way than by the deliberate intensification of unemployment.”

—  John Maynard Keynes , book Essays in Persuasion

Essays in Persuasion (1931), The Economic Consequences of Mr. Churchill (1925)

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John Maynard Keynes 122
British economist 1883–1946

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“Poorly managed corporations, disorganized businesses, and badly led service agencies experience crisis daily and most will eventually fail. In contrast, the danger is to well organized, smooth running institutions that may not recognize a building crisis. Too often, sound organizations rely on their normal modus operandi to pull them through a crisis. It might. But at what cost? And what if it does not pull them through?”

Wheeler L. Baker (1938) President of Hargrave Military Academy

Source: Crisis Management: A Model For Managers (1993), p. 6

“In sharp contrast to the modus operandi of swarm dynamics, political bodies are ill-equipped to protect the integrity of their components and lack the collective wisdom for synchronization. Instead, highly layered command-based systems invade, institutionalize, and indoctrinate society with centralized directives, straitjacket bureaucracies, and self-serving officialdom. These systems hungrily feast on what others have created, cannibalizing other people’s resources like a tribe of pragmatic headhunters.”

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“Extracting money from users of a program by restricting their use of it is destructive because the restrictions reduce the amount and the ways that the program can be used. This reduces the amount of wealth that humanity derives from the program. When there is a deliberate choice to restrict, the harmful consequences are deliberate destruction.
The reason a good citizen does not use such destructive means to become wealthier is that, if everyone did so, we would all become poorer from the mutual destructiveness. This is Kantian ethics; or, the Golden Rule. Since I do not like the consequences that result if everyone hoards information, I am required to consider it wrong for one to do so. Specifically, the desire to be rewarded for one's creativity does not justify depriving the world in general of all or part of that creativity.”

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“Without question, the causes, which produce on the one hand long hours and overemployment, result on the other hand in short periods of work, underemployment, or unemployment.”

Robert Hunter (author) (1874–1942) American sociologist, author, golf course architect

Source: Poverty (1912), p. 28

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“Man is the result of slow growth; that is why he occupies the position he does in animal life. What does a pup amount to that has gained its growth in a few days or weeks, beside a man who only attains it in as many years.”

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“The Bible tells me explicitly that Christ was God; and it tells me, as explicitly that Christ was man. It does not go on to state the modus or manner of the union.”

Henry Melvill (1798–1871) British academic

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 422.
Context: The Bible tells me explicitly that Christ was God; and it tells me, as explicitly that Christ was man. It does not go on to state the modus or manner of the union. I stop, therefore, where the Bible stops. I bow before a God-man as my Mediator, but I own as inscrutable the mysteries of His person.

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“The best way to insure against unemployment is to have no unemployment. ... Idlers at the top make idlers at the bottom.”

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“In three ways unemployment would be reduced.”

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Property (1935)
Context: In three ways unemployment would be reduced. First... by greater equalization of purchasing power and consequent stimulus in the form of effective demand. Second, by utilizing the national credit and socialized industries for the creation of new industries and the extension of existing ones.... Social ownership and operation of the basic industries, and especially socialized banking and credit, would greatly facilitate the task of shifting the masses of unemployed into productive channels. Third, if necessary, by shortening working hours and dividing the available work among all the people.

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“Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.”

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“We need to restrain ourselves in what we say about other religions, in how we judge other faiths. We don't need new laws. We cannot restrict freedom of speech. We need to restrict ourselves. Otherwise, in the end, we will be restricted.”

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http://www.haaretz.com/print-edition/opinion/muslims-also-deserve-respect-1.180300.

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