Tuesday, November 8, 2022

An election-day quote from John Maynard Keynes

What with this inflation, and today being overturn-the-existing-basis-of-society day, it seemed this quote would be most appropriate:

there is no subtler, no surer means of overturning the existing basis of a society than to debauch the currency.

From Time Magazine, 31 December 1965, at Brad DeLong's.

Not that I'm predicting how the vote will turn out, or anything

2 comments:

Oilfield Trash said...

Poli Sci 101...Americans always vote their pocketbooks first and their conscience second..."The economy, stupid" James Carville in 1992. Will be interesting to see if this axiom holds true after today.

The Arthurian said...

It will indeed be interesting, Oilfield Trash. Reminds me of that ancient Chinese curse: May you live in interesting times.