Quote#Politics & Power
Nor can the fact that in time of war it is easier for the State to…
Quote byJohn Maynard Keynes · 1883–1946
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: A Tract on Monetary Reform (1923), Ch. 2, p. 67–68.
English (original)
Nor can the fact that in time of war it is easier for the State to borrow than to tax, be allowed permanently to enslave the tax-payer to the bond-holder. Those who insist that in these matters the State is in exactly the same position as the individual, will, if they have their way, render the continuance of an individualistic society, which depends for its existence on moderation.
— John Maynard Keynes
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