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"Overseas Financial Policy in Stage III" (15 May 1945) - Keynes, John Maynard | WIST Quotations
The old saying holds. Owe your banker £1000 and you are at his mercy; owe him £1 million and the position is reversed. Unpublished memo distributed to the British Cabinet. Variant: "If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it…