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Deep Cultist @NathanTankus
, 3 tweets, 1 min read Read on Twitter
"Now, none of this depends on the houses, when built, being useful. If, instead, they were holes in the ground, all the rest would follow as before. You will not of course, imagine, that I am advocating digging holes in the ground.
What I advocate is the application of labour to productive investment, and, if there were no productive investments left, then I should distribute incomes more equally so as to increase consumption.
But, although my passage about digging holes in the ground is written in a sense ironically, it means exactly what it says"- John Maynard Keynes

So many people misunderstand this quite obvious point so much. Willful ignorance is a hell of a drug.
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