The long run is a misleading guide to cu

Submitted by cvining on

The 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

The Theory of Money and the Foreign Exchanges, 1924

Formatted Quote

"The 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, The Theory of Money and the Foreign Exchanges, 1924