Trade and machines, as much for good as for bad, act exactly in the same way.
Category: Keynesian multiplier
PRIVATE AND PUBLIC SERVICES
But have the rich on that account renounced the policy of plunder? It has never occurred to them. The argument of the indirect beneficial effects of spending continues to serve as their pretext.
11. THRIFT AND LUXURY.
If you follow the écus in all these alternative uses, you will ascertain that, through the offices of salesmen or lenders, they will go to provide work as surely as if Ariste, following the example of his brother, had traded them for furniture, jewelry, and horses.
5. PUBLIC WORKS.
As a temporary measure in times of crisis, or during a severe winter, this intervention by the taxpayers may have good results.
7. – TWO LOSSES VERSUS ONE PROFIT.
For, Sir, I believe that I have observed, and you will perhaps have observed as I have, that in spite of the great scorn that individuals and nations display for gain, they have difficulty in giving it up.