Duncan’s Economic Blog

Keynes Quote of the Day

Posted in Uncategorized by duncanseconomicblog on September 24, 2010

… you will never balance the Budget through measures which reduce the national income. The Chancellor would simply be chasing his own tail – or cloven hoof!  The only chance of balancing the Budget in the long run is to bring things back to normal, and so avoid the enormous charges arising out of unemployment.

Keynes, radio talk, 4 January 1933

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