[about Keynesian government spending to relieve economic depressions] It was like a doctor telling you that you have an inoperable liver cancer, but it will be cured if you go to bed with a beautiful seventeen-year-old.
About this quote
- What does it mean?
- The author compares Keynesian spending to a absurd medical cure.
- In plain terms
- Keynesian fixes seem like an absurd medical cure.
- What can you take from it?
- Question solutions that ignore root causes.
Where it applies
Putting it to work
Questions to consider
- Is this fix treating symptoms or causes?
- When do policies feel absurd?
Another view
Some stimulus works even if causes differ.
More from Peter F. Drucker
[after attending a John Maynard Keynes seminar, he] suddenly realized that Keynes and all the brilliant economics students in the room were interested in the b…
Permalink to quote #82 I am more an 'insultant' than a consultant... I scold people for a fee.
Permalink to quote #84 Limiting access to opportunity to those with a diploma is a crass denial of all fundamental beliefs--beliefs, by the way, that have been amply validated by exp…
Permalink to quote #81
Related quotes
Ford's economics are the worst thing that's happened to this country since pantyhose ruined finger-fucking.
Lyndon JohnsonLyndon Johnson quote #9 Ike had lots to do. First off, he had to clean up the big mess left by Franklin Roosevelt, a President who wasted so much taxpayer money on needless and wastef…
George W. BushGeorge W. Bush quote #383 If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Pl…
Ludwig von MisesLudwig von Mises quote #1