We will not have any more crashes in our time. - John Maynard Keynes

How can I accept a doctrine which sets up as its bible, above and beyond criticism, an obsolete economic textbook which I know to be not only scientifically erroneous but without interest or application for the modern world? How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?

Most men love money and security more, and creation and construction less, as they get older.

By what modus operandi does credit restriction attain this result? In no other way than by the deliberate intensification of unemployment.