Money Supply Quotes

“Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.”
― Michael Lewis, Liar's Poker

“Before Volcker’s speech, bonds had been conservative investments, into which investors put their savings when they didn’t fancy a gamble in the stock market. After Volcker’s speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it.”
― Michael Lewis, Liar's Poker

“Every time the politicians we elect attempt to increase our standard of living or employment prospects by increasing government spending to stimulate economic activity (‘Keynesian economics’ as it is called); and every time a national bank tries to increase our standard of living or employment prospects by stimulating economic activity by increasing the money supply (‘quantitative easing’ as it is called), each of those actions has its ideological origins in the ideas contained in John Law’s Money and Trade Considered, and the actions of John Law’s Mississippi Scheme.”
― Gavin John Adams, John Law: The Lauriston Lecture and Collected Writings