Louis O. Kelso Quotes

Property in everyday life, is the right of control.

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

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.

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

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

It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital.

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?

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 totalitarian toil-state originates in the propertylessness of the majority.

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

Political power without economic power is sterile.

The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.

Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can't end this depression with another war.

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

We have an economic policy that is just about 10,000 years out of date.