Sunday, March 16, 2008

Keynesian

I had heard this Keynes quote before:
In the long run we are all dead.

But I hadn't heard what follows:
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.

Funny. From a Krugman post on Alan Greenspan.

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