Liquidity Preference Function

Famous quotes containing the words preference and/or function:

    He that has his chains knocked off, and the prison doors set open to him, is perfectly at liberty, because he may either go or stay, as he best likes; though his preference be determined to stay, by the darkness of the night, or illness of the weather, or want of other lodging. He ceases not to be free, though the desire of some convenience to be had there absolutely determines his preference, and makes him stay in his prison.
    John Locke (1632–1704)

    To make us feel small in the right way is a function of art; men can only make us feel small in the wrong way.
    —E.M. (Edward Morgan)