Keynes

After a long night, waiting for Christer Fuglesang not to launch into space while writing a research application with Nilla, I feel rather tired this morning. To get some inspiration I once again turn to John Maynard Keynes, something which warrants a quote from his wonderful essay The Economic Possibilities of our Grandchildren, written in 1930:

“We are suffering just now from a bad attack of economic pessimism. It is common to hear people say that the epoch of enormous economic progress which characterized the nineteenth century is over; that the rapid improvement in the standard of life is now going to slow down ... I believe that this is a wildly mistaken interpretation. We are suffering, not from the rheumatics of old age, but from the growing-pains of over-rapid changes, from the painfulness of readjustment between one economic period and another”.

So true.