1/-
The second quote from Marriner Eccle's 1939 speech:
“We can all agree, I think, upon the simple economic truth that to maintain and increase our standard of living and our national income, and hence to reduce unemployment, we must have a...
fraser.stlouisfed.org/title/statemen…
The second quote from Marriner Eccle's 1939 speech:
“We can all agree, I think, upon the simple economic truth that to maintain and increase our standard of living and our national income, and hence to reduce unemployment, we must have a...
fraser.stlouisfed.org/title/statemen…
2/-
continuous, increasing flow of money throughout our economy from consumers to producers and back again from producers to consumers. This means that we cannot withdraw and hold idle large sums of our annual income because to do so obviously diminishes the...
continuous, increasing flow of money throughout our economy from consumers to producers and back again from producers to consumers. This means that we cannot withdraw and hold idle large sums of our annual income because to do so obviously diminishes the...
3/-
flow. Thus, the amounts that we put aside in our savings accounts, insurance policies, in retained profits, in depreciation, obsolescence and depletion reserves, and in all other forms of storing up for the future, must be put back into the income stream, if not by...
flow. Thus, the amounts that we put aside in our savings accounts, insurance policies, in retained profits, in depreciation, obsolescence and depletion reserves, and in all other forms of storing up for the future, must be put back into the income stream, if not by...
4/-
the savers themselves through investments, then by borrowers who will put the money to use. When this process does not take place, deflation is inevitable and the Government as a coordinator, through its fiscal, monetary and other policies, must take measures to...
the savers themselves through investments, then by borrowers who will put the money to use. When this process does not take place, deflation is inevitable and the Government as a coordinator, through its fiscal, monetary and other policies, must take measures to...
5/-
restore and maintain the income stream.”
restore and maintain the income stream.”
