Economic Quote by Thomas Woods

Water flows uphill towards money.

— Marc Reisner

Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor,…

— Myron Scholes

“In Keynes’s time, physicists were first grappling with the concept of quantum mechanics, which, among other things, imagined a cosmos governed by two entirely…

— Peter D. Schiff

Keynesians are to economics what witch doctors are to medicine.

— Peter Schiff

The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and…

— Murray Rothbard

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this…

— Peter Thiel

Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic power and…

— Murray Rothbard

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…

— John Kenneth Galbraith

Keynes was scarcely a 'revolutionary' in any real sense. He possessed the tactical wit to dress up ancient statist and inflationist fallacies with modern,…

— Murray Rothbard

“The Keynesian world is a world in which there are two distinct classes of actors: the skilled investor, ‘who, unperturbed by the prevailing pastime,…

— Ludwig Lachmann

Inflation has now become like water cycle. It has kept its momentum over the years and no one really cares for it!!!

— Navinchandra

“In a BBC broadcast in 1934, when he was a year away from finishing The General Theory, Keynes pinpointed the fundamental difference between an…

— Stephen A. Marglin