John Maynard Keynes, 1st Baron Keynes of Tilton
(5 June 1883 21 April 1946)
The General Theory of Employment, Interest, and Money.Preface 13 December 1935
On both sides of the aisle, people have tried to judge Liquidation and Creative Destruction from a moral standpoint. It is something that does not belong to a scientific analysis. I shall not address the issue here. All this belong to the last Paragraph of this tract: Chapter V, Paragraph 3: Moral, Philosophic and Religious Implications of the Credit Free Economy.
All of This Stays True Until the Poor Becomes Richer Relatively to the Rich.
Extreme Economic Conditions Call for Radical Solutions.
The Controversial Innovation Since John Maynard Keynes and Milton Friedman.
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