Sunday, August 19, 2007

Situations Change. Try to Keep Up.

"When the facts change, I change my mind. What do you do, sir?"

- John Maynard Keynes
Reply to a criticism during the Great Depression of having changed his position on monetary policy, as quoted in Lost Prophets: An Insider's History of the Modern Eonomists (1994) by Alfred L. Malabre, p. 220

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