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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Quote text and notes from Wikiquote: Joan Robinson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.