FastSaying

'The General Theory' was not truly revolutionary at all but merely old and oft-refuted mercantilist and inflationist fallacies dressed up in shiny new garb, replete with newly constructed and largely incomprehensible jargon.

Murray Rothbard

Murray Rothbard

ConstructedDressedGeneralIncomprehensibleJargonLargelyMerelyNewNewlyOldRevolutionaryShinyTheoryTrulyUp

Related Quotes

Keynes was scarcely a 'revolutionary' in any real sense. He possessed the tactical wit to dress up ancient statist and inflationist fallacies with modern, pseudoscientific jargon, making them appear to be the latest findings of economic science.
— Murray Rothbard
AncientAnyAppear
Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic power and to political pelf and privilege.
— Murray Rothbard
AcademicAncientEconomic
War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.
— Murray Rothbard
AmericaAmericanBank
Incomprehensible jargon is the hallmark of a profession.
— Kingman Brewster, Jr.
HallmarkIncomprehensibleJargon
It's an old trick dressed up in new electronic garb and a sort of cyberspace jargon.
— Jodie Bernstein
CyberspaceDressedElectronic