March 25, 1970, page 495.
Official Report of Proceedings of the Hong Kong Legislative Council
“Economists of the modern school will no doubt protest that I have said nothing of the use of budget deficits or surpluses for the control of the economy in general. I doubt if such techniques would ever be appropriate in Hong Kong's exposed economic position; and I think they are certainly not appropriate at present, when in strict orthodoxy they would suggest the need to plan for a very substantial surplus "to take the heat out of the economy". Although we have in fact run substantial surpluses in recent years we have not done so with deflationary effect because we have not removed them from the economy but have left them inside the Colony's banking system to continue to work for the economy. $500 million or 55% of reserves are so held at present.”
February 26, 1964, page 47.
Official Report of Proceedings of the Hong Kong Legislative Council
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John James Cowperthwaite 38
British colonial administrator 1915–2006Related quotes

Source: 2000s, The Age of Turbulence (2008), Chapter Ten, "Downturn", p. 218.

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Source: Contributions to Modern Economics (1978), Chapter 19, The Need For A Reconsideration, p. 218

Part VII, The Margin Surplus, Why It's Imperative to Drive a Beemer, p. 275 (See also:Robert Kuttner).
Running Money (2004) First Edition

“Because planned economies have historically failed, new modeling techniques are needed.”
[Sheyene Institute Founder`s Letter, http://www.aero-news.net/index.cfm?do=main.textpost&id=38c46884-5abc-491a-89aa-c9bb0b71195c]

Source: 1950s–1970s, Maximum Principles in Analytical Economics, 1970, p. 62: Lead paragraph

N. Gregory Mankiw, "What Would Keynes Have Done?" in New York Times (November 28, 2008).
2000s -

Letter to Richard Cobden (5 January 1864), quoted in The Life of William Ewart Gladstone Volume II (1903) by John Morley, p. 62
1860s