But the dreams of designing diplomats do not always prosper, and we must trust the future. - John Maynard Keynes

For the Trade Unions such a scheme as this offers great and evident advantages compared with progressive inflation or with a wages tax. In spite of the demands of war, the workers would have secured the enjoyment, sooner or later, of a consumption fully commensurate with their increased effort; whilst family allowances and the cheap ration would actually improve, even during the war, the economic position of the poorer families. We should have succeeded in making the war an opportunity for a positive social improvement. How great a benefit in comparison with a futile attempt to evade a reasonable share of the burden of a just war, ending in a progressive inflation!

Ideje ekonomista i političkih filozofa, i kad su u pravu i kad nisu, imajući veći uticaj nego što se obično smatra. U stvari, svetom malo šta drugo vlada. Praktični ljudi, koji smatraju da ne podležu intelektualnim uticajima, obično su robovi nekog preminulog ekonomiste. Ludaci na vlasti, koji čuju glasove oko sebe, mogu da zahvale za svoje ludilo nekom akademskom skribomanu od pre nekoliko godina.

Nothing can be settled in isolation. Every use of our resources is at the expense of an alternative use.