But, I think that the reason I responded to this book, sort of paradoxically, is that it starts out like The Big Chill, sort of. Four friends, who are not quite happy with their life, and every year they get together for a week and look for some comfort from each other.
“Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”
“And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.”