Investing Is An Activity Of Forecasting The

The Idea Behind Stamped Money Is Sound.

It Is Impossible That The Intention Of The Entrepreneur Who Has Borrowed In Order To Increase Investment Can Become Effective (except In Substitution For Investment By Other Entrepreneurs Which Would Have Occurred Otherwise) At A Faster Rate Than The Public Decide To Increase Their Savings

Nor Should The Argument Seem Strange That Taxation May Be So High As To Defeat Its Object, And That, Given Sufficient Time To Gather The Fruits, A Reduction Of Taxation Will Run A Better Chance Than An Increase Of Balancing The Budget.

Obstinacy Can Bring Only A Penalty And No Reward.

Unlike Physics, For Example, Such Parts Of The Bare Bones Of Economic Theory As Are Expressible In Mathematical Form Are Extremely Easy Compared With The Economic Interpretation Of The Complex And Incompletely Known Facts Of Experience, And Lead One A Very Little Way Towards Establishing Useful Results.