Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

John Kenneth Galbraith

  • July 16, 2016

“In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.” — John Kenneth Galbraith