“What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.”

— John Kenneth Galbraith

Source: Money: Whence It Came, Where It Went (1975), Chapter XVI, The Coming of J.M. Keynes, p. 217

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the st…" by John Kenneth Galbraith?

John Kenneth Galbraith 207

American economist and diplomat 1908–2006

Neil Postman (1931–2003) American writer and academic

Technopoly: the Surrender of Culture to Technology (1992)
Context: The relationship between information and the mechanisms for its control is fairly simple to describe: Technology increases the available supply of information.... control mechanisms are strained... When additional control mechanisms are themselves technical, they in turn further increase the supply of information. When the supply of information is no longer controllable, a general breakdown in psychic tranquillity and social purpose occurs. Without defenses, people have no way of finding meaning in their experiences, lose their capacity to remember, and have difficulty imagining reasonable futures.

“Inflation may be defined as any increase in the economy's supply of money not consisting of an increase in the stock of the money metal.”

Murray N. Rothbard book What Has Government Done to Our Money?

What Has Government Done to Our Money? (1980)

“What’s wrong with empowering government? When you give government new powers and responsibilities, you are also increasing its police power. If we put government in charge of a thing — say, ensuring income equality — we are also handing it the power to police that thing nationwide, to impose penalties for breaches of its new regulations, and ultimately to coerce citizens into compliance. At the limit, we grant the state the power to take our money, imprison us, and even execute us if we violate its laws.”

Paul D. Miller (academic) American academic

Why Socialism Is Bad (2018)

“Wherever a lessening of population pressures through reduced birth rates can increase the prospects for such stability, population policy becomes relevant to resource supplies and to the economic interests of the United States.”

Henry Kissinger (1923–2023) United States Secretary of State

National Security Study Memorandum 200. Adapted as policy by President General Ford originally classified. https://en.wikipedia.org/wiki/National_Security_Study_Memorandum_200
1970s

“Money was intended to be used in exchange, but not to increase at interest.”

Aristotle book Politics

Book I, 1258b.4
Politics
Context: Money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.

“Our future as an industrial and trading nation depends on the success of our export drive. Increased production and increased exports are vital to the health of the shipping industry. … Our fundamental need is still increased production to enable us to increase our volume of exports and so pay for our imports. … That is the need of the country to-day.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Prime Minister
Source: Speech to the Chamber of Shipping of the United Kingdom at the Dorchester Hotel (13 October 1949), quoted in The Times (14 October 1949), p. 4

“The channels of world trade are so obstructed by the pursuit of nationalist economic policy that steps should be taken at once to make it possible to arrive at an international economic agreement which would revive international trade. A return to free trade pure and simple would only increase unemployment.”

Ramsay MacDonald (1866–1937) British statesman; prime minister of the United Kingdom

Speech to the National Labour conference at Caxton Hall, London (28 October 1935), quoted in The Times (29 October 1935), p. 9
1930s

“Those who would trade our freedom for the soup kitchen of the welfare state have told us that they have a utopian solution of peace without victory. They call their policy "accommodation." And they say if we only avoid any direct confrontation with the enemy, he will forget his evil ways and learn to love us. All who oppose them are indicted as warmongers.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

1960s, A Time for Choosing (1964)

“I encourage investment in technologies that increase communication with the Iranian people. America in particular needs to increase the available mediums of dialogue with the Iranian people by strengthening the ability of the Iranian people to access news and information and to overcome the electronic censorship and monitoring efforts of the Iranian regime… This renewed dialogue would allow the world to demonstrate its solidarity with the democracy-seeking Iranian people. It would also improve the accuracy of the information received from Iran. But perhaps most importantly, improving these technologies would allow the Green Movement within Iran to communicate, organize and mobilize much more efficiently.”

Reza Pahlavi (1960) Last crown prince of the former Imperial State of Iran

Excerpted Comments Made by Reza Pahlavi of Iran to a Group of Prominent American Business Leaders in New York City http://www.rezapahlavi.org/details_article.php?article=414&page=2, Dec. 9, 2009.
Speeches, 2008-2009

“…the policies that the United States has chosen unfortunately have brought about the wrong sentiment toward the United States and has only increased, and will only increase, extremism in our region.”

Mohammad Khatami (1943) Iranian prominent reformist politician, scholar and shiite faqih.

http://www.cnn.com/2006/WORLD/meast/09/04/iran.khatami/index.html.
Terrorism

“What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.”

Help us to complete the source, original and additional information

John Kenneth Galbraith 207

Related quotes

Related topics