HOME POPULAR Love Life Inspiration Motivation Funny Friendship Family Faith Happy Hurt Sad Cute Success Wisdom ALL TOPICS Animals Art Attitude Beauty Business Birthdays Dreams Facts Fitness Food Forgiving Miss You Nature Peace Smile So True Sports Teenage Trust Movie TV Weddings More.. AUTHORS Einstein Plato Aristotle Twain Monroe Jefferson Wilde Carroll Confucius Hepburn Dalai Lama Lewis Lincoln Mandela Lao Tzu Ford More.. Affirmations Birthday Wishes
Follow On Pinterest
TOPICS
|
AUTHORS
|
CREATE
Advertisements

Louis O Kelso Quotes

The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce Picture Quote #1
The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce Picture Quote #1
Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can’t end this depression with another war Picture Quote #1
When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power Picture Quote #1
The sole missing link is the recognition that the acquisition of capital ownership by the millions is an indispensable goal. That is the turning point - our recognition of the proper goal Picture Quote #1
The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology’s affluence producing potential Picture Quote #1
Advertisements
The idea that full employment without property ownership will solve the world’s problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness Picture Quote #1
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It’s physical, not legal Picture Quote #1
Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that science, engineering, technology and modern management are pledged to overcome Picture Quote #1
The way the system now works, credit is extended to those who don’t need it and denied to those who are in desperate need of it Picture Quote #1
The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input Picture Quote #1
All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in the United States, but let me tell you something: about 15 million of those people could save their dividends for 10 years and maybe buy a new suit. That’s not what I call capitalism Picture Quote #1
Advertisements
Technology plows through history at an accelerating rate, shifting the burden of production off labor into the nonhuman factor because man uses his highest ingenuity to avoid servile labor Picture Quote #1
Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs? Picture Quote #1
Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can’t end this depression with another war Picture Quote #1
It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital Picture Quote #1
We have an economic policy that is just about 10,000 years out of date Picture Quote #1
Political power without economic power is sterile Picture Quote #1
Advertisements
Property in everyday life, is the right of control Picture Quote #1
There is no future for those who cannot or will not think Picture Quote #1
The point is to make the pie grow faster and distribute the new growth more equitably Picture Quote #1
Friendship Quotes Love Quotes Life Quotes Funny Quotes Motivational Quotes Inspirational Quotes
Advertisements
Text Quotes
The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce  (Louis O Kelso Quotes) The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.  (Louis O Kelso Quotes) Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can’t end this depression with another war.  (Louis O Kelso Quotes) When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power  (Louis O Kelso Quotes) The sole missing link is the recognition that the acquisition of capital ownership by the millions is an indispensable goal. That is the turning point - our recognition of the proper goal  (Louis O Kelso Quotes) The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology’s affluence producing potential  (Louis O Kelso Quotes) The idea that full employment without property ownership will solve the world’s problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness  (Louis O Kelso Quotes) Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It’s physical, not legal  (Louis O Kelso Quotes) Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that science, engineering, technology and modern management are pledged to overcome  (Louis O Kelso Quotes) The way the system now works, credit is extended to those who don’t need it and denied to those who are in desperate need of it  (Louis O Kelso Quotes) The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input  (Louis O Kelso Quotes) All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in the United States, but let me tell you something: about 15 million of those people could save their dividends for 10 years and maybe buy a new suit. That’s not what I call capitalism  (Louis O Kelso Quotes) Technology plows through history at an accelerating rate, shifting the burden of production off labor into the nonhuman factor because man uses his highest ingenuity to avoid servile labor  (Louis O Kelso Quotes) Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?  (Louis O Kelso Quotes) Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can’t end this depression with another war  (Louis O Kelso Quotes) It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital  (Louis O Kelso Quotes) We have an economic policy that is just about 10,000 years out of date  (Louis O Kelso Quotes) Political power without economic power is sterile  (Louis O Kelso Quotes) Property in everyday life, is the right of control  (Louis O Kelso Quotes) There is no future for those who cannot or will not think  (Louis O Kelso Quotes) The point is to make the pie grow faster and distribute the new growth more equitably  (Louis O Kelso Quotes)