 | Philip Arestis, Malcolm C. Sawyer - Business & Economics - 2006 - 535 pages
...321) once put it, 'you cannot ride on a claim to a horse, but you can pay with a claim to money'. 7. 'The prevalence of the idea that saving and investment,...to regarding an individual depositor's relation to this bank as being a one-sided transaction, instead of seeing it as the two-sided transaction which... | |
 | Claude Gnos, Louis-Philippe Rochon - Business & Economics - 2006 - 318 pages
...when the government pays market prices for everything' (Wray, 1998, p. 3). 10 'The prevalence that the idea that saving and investment, taken in their...an individual depositor's relation to his bank as a one-sided transaction, instead of seeing it as the two-sided transaction which it actually is' (Keynes,... | |
 | Hans-Hermann Hoppe - 2006 - 446 pages
...take place to which "no genuine saving" corresponds, ie, the idea that saving and investment . . . can differ from one another, is to be explained, I think, by an optical illusion, (p. 81) [T]he savings which result from this decision are just as genuine as any other savings. No... | |
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The prevalence of the idea that saving and investment, taken in their straightforward sense, can differ from one another, is to be explained, I think, by an optical illusion due to regarding an individual depositor's relation to his bank as being a one-sided... 