This is a nightmare, which will pass away with the morning. For the resources of nature and men's devices are just as fertile and productive as they were. The rate of our progress towards solving the material problems of life is not less rapid. We are as capable as before of affording for everyone a high standard of life … and will soon learn to afford a standard higher still. We were not previously deceived. But today we have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities of wealth may run to waste for a time — perhaps for a long time.


Referring to economics and the Great Depression - Essays in Persuasion (1931) - The Great Slump of 1930 (1930)

John Maynard Keynes Quotes

This is a nightmare, which will pass away with the morning. For the resources of nature and men's devices are just as fertile and productive as they...

This is a nightmare, which will pass away with the morning. For the resources of nature and men's devices are just as fertile and productive as they...

This is a nightmare, which will pass away with the morning. For the resources of nature and men's devices are just as fertile and productive as they...

This is a nightmare, which will pass away with the morning. For the resources of nature and men's devices are just as fertile and productive as they...