Joan Robinson's Letter to Ronald Meek
Independent Payment Advisory Board

Quote of the Day: December 1, 2011

"The war has disclosed the possibility of consumption to all and the vanity of abstinence to many. Thus the bluff is discovered; the laboring classes may be no longer willing to forego so largely, and the capitalist classes, no longer confident of the future, may seek to enjoy more fully their liberties of consumption so long as they last, and thus precipitate the hour of their confiscation…"

--John Maynard Keynes: The Economic Consequences of the Peace

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