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There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.
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Chapter VI, Prices and Money, p. 87

 

Joan Robinson

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There is as an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.

 

Milton Friedman

 

With his hands he unites heaven and earth, and the four elements that form the world are controlled by him.
The four symbols before him are the four letters of the name of God, the signs of the four elements, fire, water, air, earth."
I trembled before the depth of the mysteries A touched... The words I heard seemed to be littered by the Great Magician himself, and it was as though he spoke in me.
I was in deep trepidation and at moment I felt there was nothing, before me except the blue sky; but within me a window opened through which I could see unearthly things. and hear unearthly words.

 

P. D. Ouspensky

 

"God does not think, He creates; He does not exist, He is eternal," wrote Kierkegaard (Afslutende uvidenskabelige Efterskrift); but perhaps it is more exact to say with Mazzini, the mystic of the Italian city, that "God is great because his thought is action" (Ai giovani d'Italila), because with Him to think is to create, and He gives existence to that which exists in His thought by the mere fact of thinking it, and the impossible is unthinkable by God. It is not written in the Scriptures that God creates with His word — that is to say, with His thought — and that by this, by His Word, He made everything that exists? And what God has once made does He ever forget? May it not be that all the thoughts that have ever passed through the Supreme Consciousness still subsist therein? In Him, who is eternal, is not all existence eternalized?

 

Miguel de Unamuno

 

It is no part of my job as Chancellor of the Exchequer to put before the House of Commons proposals for the expenditure of public money. The function of the Chancellor of the Exchequer, as I understand it, is to resist all demands for expenditure made by his colleagues and, when he can no longer resist, to limit the concession to the barest point of acceptance.

 

Philip Snowden

 

Of course, we must avoid postulating a new element for each new phenomenon. But an equally serious mistake is to admit into the theory only those elements which can now be observed. For the purpose of a theory is not only to correlate the results of observations that we already know how to make, but also to suggest the need for new kinds of observations and to predict their results. In fact, the better a theory is able to suggest the need for new kinds of observations and to predict their results correctly, the more confidence we have that this theory is likely to be good representation of the actual properties of matter and not simply an empirical system especially chosen in such a way as to correlate a group of already known facts.

 

David Bohm