Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities.

在正统金融学的格言中，肯定没有比流动性迷信更反社会的了，该学说认为投资机构将资源集中在持有“流动性”证券上是一种积极的美德。