The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
John Kenneth GalbraithFew can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
John Kenneth GalbraithIn 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