John Kenneth Galbraith - In numerous years following the war the Federal government ran...

In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's 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

They Said So®

John Kenneth Galbraith Quotes

;

In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's 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

They Said So®

Keywords

numerous years war federal government ran heavy surplus pay debt retire securities meant bonds back national bank notes destroy money supply

Explore other Authors

Lafcadio Hearn

Eartha Kitt

John Boehner

Dennis Rodman

Saul Williams

Kate Smith

Dick Wolf

John Newton

Donald Rumsfeld

James Goss

Kin Hubbard

Jonathan Anthony Burkett

If you are using this quote in any webpage , printmedia or any other places please use the following methods to cite this quotation.

MLA Style Citation

"A quote by John Kenneth Galbraith" theysaidso.com, 2024. Apr 20, 2024. https://theysaidso.com/quote/john-kenneth-galbraith-in-numerous-years-following-the-war-the-federal-governmen

APA Style Citation

"A quote by John Kenneth Galbraith" (n.d.). theysaidso.com. Retrieved Apr 20, 2024, from theysaidso.com web site : https://theysaidso.com/quote/john-kenneth-galbraith-in-numerous-years-following-the-war-the-federal-governmen

Chicago Style Citation

"A quote by John Kenneth Galbraith". theysaidso.com, 2024. https://theysaidso.com/quote/john-kenneth-galbraith-in-numerous-years-following-the-war-the-federal-governmen , accessed Apr 20, 2024.

Comments

Authentication required

You must log in to post a comment.

There are no comments yet.