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"[E]very person in this country of super-asinine propensities, everyone who hates social progress and loves deflation, feels that his hour has come and triumphantly announces how, by refraining from every form of economic activity, we can all become prosperous again.” --John Maynard Keynes, reacting to the British emergency budget of September 1931, quoted by his biographer Lord Skidelsky in the Financial Times.

via a post in Prof. Brad DeLong's blog