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Economic Quotes

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Economic Quotes

“Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when more than half of our gross national product, and all of our foreign exchange, was being spent on the war. I was lucky to be present at one of his rare appearances in Cambridge, when he gave a lecture with the title "Newton, the Man." Four years later he died of heart failure, precipitated by overwork and the hardships of crossing the Atlantic repeatedly in slow propeller-driven airplanes under wartime conditions.”

“Most Britons still lived and died without encountering anyone whose skin colour was different from their own. Slaves, in short, did not threaten, at least as far as the British at home were concerned. Bestowing freedom upon them seemed therefore purely an act of humanity and will, an achievement that would be to Great Britain's economic detriment, perhaps, but would have few other domestic consequences.”