Keynes says that they must be “inexperienced persons”. John Maynard Keynes (1936): The General Theory of Employment, Interest and Money: Chapter 19: Changes in Money-Wages: “The method of increasing the quantity of money… …in terms of wage-units by decreasing the wage-unit increases proportionately the burden of debt; whereas the method of producing the same result … Continue reading Today’s Greek Crisis Blogging: John Maynard Keynes, Speaking from the Grave, Insults the Austerity-Loving Masters of Europe