A Keynsian moment in history
March 27th 2010 04:14
John Maynard Keynes
John Maynard Keynes had a way of putting real life into economic perspective, even early in his career.
When in his 20s, he went to Africa, travelling with a friend from Cambridge named Walter Sprott. Keynes and Sprott one day had their shoes cleaned by some native boys, after which Keynes offered a small tip.
Sprott protested, suggesting something more generous.
Keynes reportedly declined, saying, "I will not be a party to debasing the currency."
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