Apollinaris William Baumgartner creating Guam's Catholic education system, founding nearly a dozen schools in just a few years. Today, Bishop Baumgartner Memorial Catholic School, an elementary school created by a merger of two schools he founded, is named in his honor. For his episcopal coat of arms, Baumgartner chose a phoenix as the main charge. The bird was chosen because of its mythological ability to be reborn out of ashes, which he believed would be representative of the future of his see on Guam. Apollinaris William Baumgartner Apollinaris William Baumgartner, O.F.M. Cap., D.D., (24 July 1899 – 18 December 1970) was a prelate
Supply creates its own demand Say — and the advocacy of the phrase "supply creates its own demand" is today most associated with supply-side economics, which retorts that "Keynes turned Say on his head and instead stated that 'demand creates its own supply'". The exact phrase "supply creates its own demand" does not appear to be found in the writings of classical economists; similar sentiments, though different wordings, appear in the work of John Stuart Mill (1848), whom Keynes credits and quotes, and his father, James Mill (1808), whom Keynes does not. Keynes coined the phrase thusly (emphasis added): Keynes then restates this in the