Quote by Edward A. Hudson

“We didn't actually overspend our budget. The allocation simply fell short of our expenditure.”

— Keith Davis

The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the…

— Murray Rothbard

“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to the fore…

— Joan Robinson

“The predominant view was that budgets should be balanced and money supplies tightened. This, as we know today, only made matters worse.”

— Timothy Snyder

“The problem was not that Americans spent beyond their means but that their means had not kept up with what the larger economy could…

— Robert B. Reich

Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand.…

— Henry Hazlitt

“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.”

— Edward A. Hudson

“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…

— Edward A. Hudson

The accumulation of great wealth is, in many instances, the effect of paying too little for the labor that produced it, the consequence of…

— Thomas Paine

As scarce as truth is, the supply has always been in excess of the demand.

— Josh Billings

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby…

— Ludwig von Mises

It was the biggest inflation and the most sustained inflation that the United States had ever had.

— Anonymous