Comment Quote by Louis O. Kelso

“While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside down," that it is not necessarily amiss to turn a fellow upside down if that in fact straightens out his thinking.”

Louis O. Kelso

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Comment Connections Economy Facts Fellows Ifs Inference Liberalism Milton Milton Friedman Politics Thinking Turns Upside down Wisdom

More by Louis O. Kelso

It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital.

Louis O. Kelso

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The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the…

Louis O. Kelso

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Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of…

Louis O. Kelso

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Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary…

Louis O. Kelso

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There is no future for those who cannot or will not think.

Louis O. Kelso

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They sense that there's a majority out there and that the emotions are all on the other side-if they can be heard. They think…

Louis O. Kelso

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Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and…

Louis O. Kelso

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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…

Louis O. Kelso

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Equality of economic opportunity, in the context of private property, means equality of opportunity for the millions of capital-less households of today to buy,…

Louis O. Kelso

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If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his…

Louis O. Kelso

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All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in…

Louis O. Kelso

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The schemes to set up blacks in cleaning stores, gas stations, hamburger stands and fried-chicken franchises, all the low-profit, low-capital enterprises, will rivet the…

Louis O. Kelso

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