Thursday, May 29, 2008

Keynes on local production

"I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement among nations. Ideas, knowledge, science, hospitality, travel--these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily national. Yet, at the same time, those who seek to disembarrass a country of its entanglements should be very slow and wary. It should not be a matter of tearing up roots but of slowly training a plant to grow in a different direction."
John Maynard Keynes, 1933
Tip of the hat to Randy Robinson for this quote and his own - "This from a guy who had never heard of environmentalism"

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