Like All His Type, Newton Was Wholly

I Find Myself More And More Relying For A Solution Of Our Problems On The Invisible Hand Which I Tried To Eject From Economic Thinking Twenty Years Ago.

He Had One Illusion - France; And One Disillusion - Mankind, Including Frenchmen.

If The Treasury Were To Fill Old Bottles With Bank-notes, Bury Them At Suitable Depths In Disused Coal-mines Which Are Then Filled Up To The Surface With Town Rubbish, And Leave It To Private Enterprise On Well-tried Principles Of Laissez-faire To Dig The Notes Up Again (the Right To Do So Being Obtained, Of Course, By Tendering For Leases Of The Note-bearing Territory), There Need Be No More Unemployment And, With The Help Of Repercussions, The Real Income Of The Community, And Its Capital Wealth, Would Probably Become A Good Deal Greater Than It Actually Is.

What An Extraordinary Episode In The Economic Progress Of Man That Age Was Which Came To An End In August, 1914!

I Conceive, Therefore, That A Somewhat Comprehensive Socialisation Of Investment Will Prove The Means Of Securing An Approximation To Full Employment.