Extract from Essays in Persuasion
by John Maynard Keynes
(Norton and Co Edition, New York, 1963)
Pages 371-372: from the last essay The Future
I see us free, therefore, to return to some of the most sure and
certain principles of religion and traditional virtue that avarice
is a vice, that the exaction of usury is a misdemeanour, and the love
of money is detestable, that those walk most truly in the paths of virtue
and sane wisdom who take least thought for the morrow. We shall once
more value ends above means and prefer the good to the useful. We shall
honour those who can teach us how to pluck the hour and the day virtuously
and well, the delightful people who are capable of taking direct enjoyment
in things, the lilies of the field who toil not, neither do they spin.
But beware! The time for all this is not yet. For at least another hundred
years we must pretend to ourselves and to every one that fair is foul
and foul is fair; for foul is useful and fair is not. Avarice and usury
and precaution must be our gods for a little longer still. For only
they can lead us out of the tunnel of economic necessity into daylight.
Since Keynes died in 1946, his . . . For at least another hundred
years. takes us to 2046-ish (assuming linear extrapolation) or
much earlier (assuming compounded, exponential extrapolation: the mathematics
of compound interest).
This extract is copied from part of the information pack:
End Violence! End Poverty!
Available from the Campaign for Interest-Free Money
(write to 13 North Road Hertford Herts SG14 1LN (UK)