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But the reader, after apparently making a call for a strong building program (this is about meeting present "needs", not fanciful wishes), then adds:
"A damaged economy cannot afford to allocate such a large share of limited resources to housebuilding."
What more is there to say than Keynes'
Thus we are so sensible, have schooled ourselves to so close a semblance of prudent financiers, taking careful thought before we add to the "financial" burdens of posterity by building them houses to live in, that we have no such easy escape from the sufferings of unemployment. We have to accept them as an inevitable result of applying to the conduct of the State the maxims which are best calculated to "enrich" an individual by enabling him to pile up claims to enjoyment which he does not intend to exercise at any definite time.


Finance is the brain [tumour] of the economy
by Migeru (migeru at eurotrib dot com) on Tue Aug 6th, 2013 at 11:20:38 AM EST

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