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https://en.wikiquote.org/wiki/The_General_Theory_of_Employment,_Interest_and_Money https://en.wikiquote.org/wiki/The_General_Theory_of_Employme... "If the Trea
by digi_owl 8y ago
https://en.wikiquote.org/wiki/The_General_Theory_of_Employment,_Interest_and_Money https://en.wikiquote.org/wiki/The_General_Theory_of_Employme...
"If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it private enterprise on well tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of 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."
- crdoconnor 8y agoaaand the very next sentence... "It would indeed be better to build houses and the like" It also follows on from a criticism of the economic utility of digging up gold and then burying it in the ground, which is an economic analog of digging holes and filling them in. It won't be the first or the last time that quote gets taken out of context. Rich, white men with gold in the ground prefer your misinterpretation.
- digi_owl 8y agoI just copied wholesale what the wiki had. Nothing more, nothing less.