A Quote by Paul Samuelson

Things swept so badly that I had distrust - after 1967, let's say - of American Keynesianism. For better or worse, U.S. Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian.

Paul Samuelson

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After Am American Badly Better Cafeteria Distrust Far Had Keynesianism Say Started Swept Things Worse

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Paul Samuelson
American - Economist
Born: May 15, 1915

For better or worse, US Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian. You know what a cafeteria catholic is?

Paul Samuelson

Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.

John Kenneth Galbraith

Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.

Ha-Joon Chang

Economics departments are dominated by Marxism, which is taken straight or on the rocks, in the form of Keynesianism.

Ayn Rand

The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.

Ludwig von Mises

Keynesianism, if you add its flexible, muscular form during the Depression to its more rigid postwar version, lasted forty-five years. Our own Globalization, with its technocratic and technological determinism and market idolatry, had thirty years. And now it, too, is dead.

John Ralston Saul

Reagonomics - a blend of monetarism and fiscal Keynesianism swathed in classical liberal and supply-side rhetoric - is in no way going to solve the problem of inflationary depression or of the business cycle.

Murray Rothbard

I attempt all day, at work, not to think about what lies ahead, but this costs me so much effort that there is nothing left for my work. I handle telephone calls so badly that after a while the switchboard operator refuses to connect me. So I had better say to myself, Go ahead and polish the silverware beautifully, then lay it out ready on the sideboard and be done with it. Because I polish it in my mind all day long—this is what torments me (and doesn't clean the silver).

Lydia Davis

But public works, economic protectionism, cheap money, "deficit-financed government spending," and "the animal spirits of the spendthrift in the service of boosting "consumption demand"... Doesn't Keynesianism simply appeal to the worst in human nature?

Ilana Mercer

The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

Ludwig von Mises

I guess, for better or for worse, I am an American composer, and I've had a wonderful life being exactly that.

Samuel Barber

When I first started writing, I was living in England and I had that uniquely English sense of sarcasm, which has definitely seemed to have left me. I am a naturalized American and my sensibility has become far more American.

Jane Green

There are far, far better things ahead than any we leave behind.

C. S. Lewis

Things will be far worse than they are now. And far better. I wait.

Charles Bukowski

The Enlightenment faith that things are getting a little bit better each decade becomes difficult to support. People recognized that there had just been a war that was worse than the war of 1812, and worse than the Revolution; things were clearly not getting better and better.

Christine Jennings

The American people are very, very ready for a woman president. They're far ahead of the politicians. I always thought it would be much easier to elect a woman president of the United States than Speaker of the House, because the people are far ahead, as I say, of the electeds, on the subject of a woman being president.

Nancy Pelosi

A Quote by Paul Samuelson

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