“See your disappointments as good fortune. One plan's deflation is another's inflation.”
Jean Cocteau (1889–1963) French poet, novelist, dramatist, designer, boxing manager and filmmaker
Diary of an Unknown (1988)
“Inflation is unjust and Deflation is inexpedient. Of the two perhaps Deflation is, if we rule out exaggerated inflations such as that of Germany, the worse; because it is worse, in an impoverished world, to provoke unemployment than to disappoint the rentier. But it is not necessary that we should weigh one evil against the other. It is easier to agree that both are evils to be shunned.”
Essays in Persuasion (1931), Social Consequences of Changes in The Value of Money (1923)
Help us to complete the source, original and additional information
Do you have more details about the quote "Inflation is unjust and Deflation is inexpedient. Of the two perhaps Deflation is, if we rule out exaggerated inflation…" by John Maynard Keynes?
John Maynard Keynes122
British economist 1883–1946Related quotes
Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate
1980s and later, Interview in Silver & Gold Report (1980)
Desiderius Erasmus (1466–1536) Dutch Renaissance humanist, Catholic priest, and theologian
Letter to Lambertus Grunnius (August 1516), publised in Life and Letters of Erasmus : Lectures delivered at Oxford 1893-4 (1894) http://books.google.com/books?id=ussXAAAAMAAJ&pg=PA180&lpg=PA180&dq=%22is+no+discipline+and+which+are+worse+than+brothels%22&source=bl&ots=PnJjrkSLNB&sig=JPY0PhTf2YgYwJlf3uH2eTvCJeA&hl=en&ei=BGwXTNqTA5XANu6_pJ8L&sa=X&oi=book_result&ct=result&resnum=1&ved=0CBIQ6AEwAA#v=onepage&q=%22is%20no%20discipline%20and%20which%20are%20worse%20than%20brothels%22&f=false edited by James Anthony Froude, p. 180 <br class="br">Context: There are monasteries where there is no discipline, and which are worse than brothels — ut prae his lupanaria sint et magis sobria et magis pudica. There are others where religion is nothing but ritual; and these are worse than the first, for the Spirit of God is not in them, and they are inflated with self-righteousness. There are those, again, where the brethren are so sick of the imposture that they keep it up only to deceive the vulgar. The houses are rare indeed where the rule is seriously observed, and even in these few, if you look to the bottom, you will find small sincerity. But there is craft, and plenty of it — craft enough to impose on mature men, not to say innocent boys; and this is called profession. Suppose a house where all is as it ought to be, you have no security that it will continue so. A good superior may be followed by a fool or a tyrant, or an infected brother may introduce a moral plague. True, in extreme cases a monk may change his house, or even may change his order, but leave is rarely given. There is always a suspicion of something wrong, and on the least complaint such a person is sent back.
Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate
1975 interview https://mises.org/library/hayek-meets-press-1975 on "Meet the Press." <br class="br">1960s–1970s
Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate
1960s–1970s, A Conversation with Professor Friedrich A. Hayek (1979)
Roy Jenkins (1920–2003) British politician, historian and writer
Hugh Anderson Memorial lecture at the Cambridge Union (28 February 1975), quoted in The Times (1 March 1975), p. 2
1970s
Paul Ormerod book The Death of Economics
Part II, Chapter 6, Unemployment and Inflation, p. 130
The Death of Economics (1994)
“Is there worse evil than that which goes in the mask of good?”
Lloyd Alexander book The High King
Source: The Chronicles of Prydain (1964–1968), Book V : The High King (1968), Chapter 11 (p. 142)
“Often the fear of one evil leads us into a worse.”
Nicolas Boileau-Despréaux (1636–1711) French poet and critic
Souvent la peur d'un mal nous conduit dans un pire.
Canto I, l. 64
The Art of Poetry (1674)