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Quotation for Today

Quotation of the Day…

… is from page 37 of W.H. Hutt‘s wonderful, if idiosyncratically written, 1979 book The Keynesian Episode: A Reassessment (original emphasis):

There is no doubt at all that Keynes’ contribution has served governments well.  But for the governed the consequences would have been disastrous, had it not been for continued economization as a result of technological progress and the persistent search for and discovery of new riches in the earth and under the sea.  And Keynesian stereotypes remain the great obstacle to more effective coordination everywhere.


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