"Scientific treatment of the subject of currency is impossible without some form of the quantity theory … but the quan…"

"The total effective demand for commodities in the market is limited to the number of units of money of account that d…"

"When credit is expanding, the rising price level and high profits bring about a high rate of interest. When the expan…"

"The use of money does not disestablish the normal process of creating credit. Money, it is true, is always being paid…"

"Indeed it would have been a mean-spirited course to go back on the century-old standard on account of so trifling a p…"

"Man is a rational animal, and if human affairs are hard to regulate, his twofold nature is usually the cause. Reason …"

"If each member of society can be induced or impelled to do his allotted task by associating it with some motive that …"

"Economic theory, in every branch, deals with practical affairs. Its subject is human welfare, and it is never entirel…"

"To unstable money are to be traced nearly all our economic troubles since 1918: the unemployment of the inter-war per…"

"Once the gold standard was suspended, there could be no doubt of the purpose of that step. In face of the exchange ri…"