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If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coalmines which are then filled up to the surface with town rub
by lkrubner 11y ago
If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coalmines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again… the note-bearing territory), there need be no more unemployment and, with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is. It would, indeed, be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing.
from:
http://ebooks.adelaide.edu.au/k/keynes/john_maynard/k44g/chapter10.html http://ebooks.adelaide.edu.au/k/keynes/john_maynard/k44g/cha...
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- dxhdr 11y agoAlso full of gems such as "earthquakes, even wars may serve to increase wealth." It reads a bit like a satire similar to the parent article.
- ehnto 11y agoThat sounds wholy unproductive to society though. It achieves the goal, but only at a cost to the opportunity for those people doing something more productive. Like building houses, as you have mentioned.