Artificial Quote by John Maynard Keynes
“Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.”
About This Quote
Source Book: The General Theory of Employment, Interest and Money, 1936
Keynes argues that imposing fees on currency to preserve its value is a valid reform worth studying.
In simple terms: Charging fees on money can protect its value and is a worthwhile idea.
Key Takeaway
Consider the impact of currency fees.
Themes
economic policy
money reform
inflation control
Mood
analytical
critical
Type
economic
policy
When to use this quote
- central bank policy
- tax design
- currency stabilization
- financial regulation
Key Concepts
Fiscal tools
monetary theory
public finance
Questions to Reflect On
- How would such fees affect everyday transactions?
- What alternatives exist to maintain money quality?
A Different Perspective
Implementation may cause public resistance or market distortion.
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