Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
More Author Quotes
- Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally. β¨ 1936 The General Theory of Employment, Interest and Money.
- I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.
- If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy. β¨ Time magazine, February 17, 1947.
- Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a c β¦ βΆ
- This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that wh β¦ βΆ
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