Notwithstanding all the passionate fulminations of the…
“Notwithstanding all the passionate fulminations of the spokesmen of governments, the inevitable consequences of inflationism and expansionism...are coming to pass. And then, very late indeed, even simple people will discover that Keynes did not teach us how to perform the 'miracle...of turning a stone into bread,' but the not at all miraculous procedure of eating the seed corn.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The speaker mocks grand economic promises, emphasizing that real solutions are modest and practical.
In simple terms: Big economic claims often ignore simple truths.
Key Takeaway
Focus on practical economics.
Themes
economics
inflation
policy
realism
Mood
analytical
cautious
Type
economic
critical
When to use this quote
- government planning
- budgeting
- inflation control
- public expectations
Key Concepts
miracle thinking
seed corn metaphor
Questions to Reflect On
- What simple measures can address inflation?
- How do grand promises affect public trust?
A Different Perspective
Idealistic solutions may overlook practical limits.