“broad-based tax cut . . . accommodated by a program of open market purchases . . . would almost certainly be an effective stimulant to consumption.... A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.... Of course . . . the government could . . . even acquire existing real or financial assets. If . . . the Fed then purchased an equal amount of Treasury debt with newly created money, the whole operation would be the economic equivalent of direct open market operations in private assets.”
―
Currency Wars: The Making of the Next Global Crisis
Share this quote:
Friends Who Liked This Quote
To see what your friends thought of this quote, please sign up!
1 like
All Members Who Liked This Quote
None yet!
This Quote Is From
Currency Wars: The Making of the Next Global Crisis
by
James Rickards5,054 ratings, average rating, 434 reviews
Open Preview
Browse By Tag
- love (101768)
- life (80357)
- inspirational (76825)
- humor (44600)
- philosophy (31428)
- inspirational-quotes (29053)
- god (27017)
- truth (24933)
- wisdom (24890)
- romance (24547)
- poetry (23583)
- life-lessons (22797)
- quotes (21214)
- death (20692)
- happiness (19031)
- hope (18723)
- faith (18558)
- inspiration (17820)
- spirituality (15893)
- relationships (15796)
- motivational (15785)
- religion (15487)
- life-quotes (15443)
- writing (15023)
- love-quotes (14965)
- success (14212)
- motivation (13752)
- time (12948)
- motivational-quotes (12231)
- science (12199)
