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

One Response

Subscribe to comments with RSS.

  1. vimothy said, on September 27, 2010 at 12:16 pm

    “… you will never balance the Budget through measures which reduce the national income.”

    Indeed–an excellent point.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: