But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.

John Maynard Keynes (1883-1946) English economist
A Tract on Monetary Reform, ch. 3 (1923)
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Added on 1-Oct-07 | Last updated 4-Jun-20
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