The essential stupidity of Keynes in 9 lines!!

Discussion in 'Economy' started by EdwardBaiamonte, Dec 29, 2012.

  1. EdwardBaiamonte

    EdwardBaiamonte Gold Member

    Nov 23, 2011
    Thanks Received:
    Trophy Points:
    "That is why a war has always caused intense industrial activity. In the past orthodox finance has regarded a war as the only legitimate excuse for creating employment by governmental expenditure. You, Mr President,(FDR) having cast off such fetters, are free to engage in the interests of peace and prosperity the technique which hitherto has only been allowed to serve the purposes of war and destruction. for example the rehabilitation of the physical condition of the railroads. The object is to start the ball rolling. The United States is ready to roll towards prosperity, if a good hard shove can be given in the next six months."-JM Keynes

Share This Page