"saving" became nine-tenths of virtue and the growth - John Maynard Keynes

Please don't imagine that I have weakened on the wisdom of frontier revision. Indeed the latest concessions are such as to make one feel even more than before that in the long run frontier revision is a cleaner and safer remedy. I was simply trying to be emphatic about what you say yourself – that it is plain as pikestaff that at this juncture one must back up the Czechs, and particularly not suggest to Hitler that he can get what to him seems more.

I find economics increasingly satisfactory, and I think I am rather good at it. I want to manage a railroad or organise a Trust or at least swindle the investing public

Wage flexibility may not cure an ailing economy, but simply make the rich richer and the poor poorer; you get an economy driven not by wages, but by assets and if those assets stay in the same hands, there is no dynamism and social mobility.