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Louis O. Kelso Quotes: The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.
         

The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.


Louis O. Kelso
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Other quotes of Louis O. Kelso


Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.

Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.



Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.

Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.



The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.

The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.



Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.

Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.



The point is to make the pie grow faster and distribute the new growth more equitably.

The point is to make the pie grow faster and distribute the new growth more equitably.



There is no future for those who cannot or will not think.

There is no future for those who cannot or will not think.



Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.



Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?

Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?



We have an economic policy that is just about 10,000 years out of date.

We have an economic policy that is just about 10,000 years out of date.



The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.

The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.





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Death is only frightening from the near side.

Death is only frightening from the near side.



A wise fellow who is also worthless always charms the rabble.

A wise fellow who is also worthless always charms the rabble.



The progress of rivers to the ocean is not so rapid as that of man to error.

The progress of rivers to the ocean is not so rapid as that of man to error.



People always love and respect characters who speak the truth, even if the truth hurts.

People always love and respect characters who speak the truth, even if the truth hurts.



Your deepest roots are in nature. No matter who you are, where you live, or what kind of life you lead, you remain irrevocably linked with the rest of creation.

Your deepest roots are in nature. No matter who you are, where you live, or what kind of life you lead, you remain irrevocably linked with the rest of creation.



I believe that the Rolling Stones and Led Zeppelin are two of the greatest rock bands ever!

I believe that the Rolling Stones and Led Zeppelin are two of the greatest rock bands ever!



I read Russian literature a lot.

I read Russian literature a lot.



Once you have perfect virtual reality, what else are you supposed to perfect?

Once you have perfect virtual reality, what else are you supposed to perfect?



These are the times, the times of our own, these are the shapes the world we formed.

These are the times, the times of our own, these are the shapes the world we formed.



Depression is merely anger without enthusiasm.

Depression is merely anger without enthusiasm.




Quote Description


This page presents the quote "The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.". Author of this quote is Louis O. Kelso. This quote is about firsts, economic, power, building, economic power, wisdom, symmetry, principles, produce,.