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— Louis O. Kelso"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."
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Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.
— Louis O. Kelso
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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?
— Louis O. Kelso
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