Friday, April 17, 2015

"Money Is Dope!" Shackle as hip-hop poet

"Money is dope, a tranquilizer against the effects of not knowing what to do. Money is what saves you from having to make up your mind what to buy.

"Liquidity is, in some sense and degree, a substitute for knowledge." -- quoted in Earl and Littleboy, p. 35


  1. Perhaps I'm missing something, but isn't this an unalloyed good thing? Isn't it good if people face fewer difficult tradeoffs in decision-making?

    1. Well, Shackle was certainly not "anti-money"! But "unalloyed": we usually face trade-offs. And I think Shackle here would have said that now we can have recessions!


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