If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
The biggest problem is not to let people accept new ideas, but to let them forget the old ones.
Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.
I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.
By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.