The two opposed errors of pessimism

I think that this was written in the depths of the Great Depression, though I am not sure. (In my earlier days of journalizing I wasn’t particularly careful about my citations.) In any case, it seems appropriate for these times.

 

“I predict that both of the two opposed errors of pessimism which now make so much noise in the world will be proved wrong in our own time — the pessimism of the revolutionaries who think that things are so bad that nothing can save us but violent change, and the pessimism of the reactionaries who consider the balance of our economic and social life so precarious that we must risk no experiments.”

John Maynard Keynes

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