A tract on monetary reform
by John Maynard Keynes · first published 1923
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…level of expenditures on debt services (dismissing the conclusion in the article that the expert consensus is that it is not), and therefore a matter of near term concern. [0] John Maynard Keynes, A Tract on Monetary Reform (1923)
on “Interest Costs Poised to Surpass Defense and Nondefense Discretionary Spending” ↗You are quite right, and there is an older commentator than Palahniuk to invoke. The original quote comes from John Maynard Keynes in his 1923 "Tract on Monetary Reform": But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that…
on “Burglars Who Took on F.B.I. Abandon Shadows” ↗…all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.” John Maynard Keynes, The Tract on Monetary Reform (1923) > Would it surprise you to meet somebody on HN who knows more about the math of finance than you and the SF Chron put together? It would not. Neither would it surprise me to find someone who…
on “66% of renters say homeownership is ‘hopeless’” ↗