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)

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

Related topics

apart balance bought character earnings expenditure general goods money proportion solution spend way higher

Related quotes

God in His goodness has arranged things perfectly, so that with our gifts, we can help each other, and with our faults, we can be humbled by each other. For every person has some gifts; but everyone also has some faults which one must struggle to overcome. View quote
Paisios of Mount Athos
Everything in this life passes away - only God remains, only He is worth struggling towards. We have a choice: to follow the way of this world, of the society that surrounds us, and thereby find ourselves outside of God; or to choose the way of life, to choose God Who calls us and for Whom our heart is searching. View quote
Seraphim Rose
As increased industrial efficiency makes it possible to procure the means of livelihood with less labor, the energies of the industrious members of the community are bent to the compassing of a higher result in conspicuous expenditure, rather than slackened to a more comfortable pace. View quote
Thorstein Veblen
I could have made money this way, and perhaps amused myself writing code. But I knew that at the end of my career, I would look back on years of building walls to divide people, and feel I had spent my life making the world a worse place. View quote
Richard Stallman
There is one expanding horror in American life. It is that our long odyssey toward liberty, democracy and freedom-for-all may be achieved in such a way that utopia remains forever closed, and we live in freedom and hell, debased of style, not individual from one another, void of courage, our fear rationalized away. View quote
Norman Mailer