Wonder if George Osborne's Autumn speech today prompted your scribing Alan?
It might have had something to do with the timing ;-)
"Lerner approached Keynes and asked: ‘Mr. Keynes, why don’t we forget all this business of fiscal policy, public debt and all those things, and have some printing presses.’ Keynes, after looking around the room to see that no newspaper reporters could hear, replied: ‘It’s the art of statesmanship to tell lies but they must be plausible lies.’”
Yes, that's a great quote ;-)
I guess printing money achieves essentially the same effect as saving surpluses during good times - it just passes the charge on to future good times through inflation rather than past good times through prudent fiscal management.
Cheers,
Alan
TMFBoing
