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Well, that is the direct conclusion from a statement of Keynes that I do remember to the effect that labor that is left idle when there is socially useful work needed to be done is production that is lost forever.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 3rd, 2011 at 01:01:48 PM EST
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