The Consumer Trap

Thursday, July 22nd, 2010

Quote of the Month

As our screamingly decrepit and hidebound overclass sets up camp atop its record piles of hoarded cash, let us recall what John Maynard Keynes concluded at the end of his magnum opus:

“I conceive, therefore, that a somewhat comprehensive socialization of investment will prove the only means of securing an approximation to full employment; though this need not exclude all manner of compromises and of devices by which public authority will co-operate with private initiative.”