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John Maynard Keynes
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===Views on inflation=== Keynes has been characterised as being indifferent or even positive about mild inflation.{{r|ecp|pp=[http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_inflation.html 220]β[https://archive.org/details/in.ernet.dli.2015.14117/page/n239/mode/2up 232]}} He had expressed a preference for inflation over [[deflation]], saying that if one has to choose between the two evils, it is "better to disappoint the rentier" than to inflict pain on working-class families.<ref>{{cite book|last=Tabb|first=William K.|title=Reconstructing Political Economy: The Great Divide in Economic Thought|year=2002|publisher=Routledge|page=151|url=https://books.google.com/books?id=Vj3ovRJfufQC&pg=PA151|isbn=9780203049310|access-date=27 June 2015|archive-date=15 March 2015|archive-url=https://web.archive.org/web/20150315051114/http://books.google.com/books?id=Vj3ovRJfufQC&pg=PA151|url-status=live}}</ref> Keynes was also aware of the dangers of inflation.<ref name="K rev. and critics"/>{{Page range too broad|date=January 2024}} In ''[[The Economic Consequences of the Peace]]'', he wrote:{{r|ecp|p=[https://archive.org/details/in.ernet.dli.2015.14117/page/n228/mode/1up 220]}} {{blockquote|[[Vladimir Lenin|Lenin]] is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.}}'''<big>Views on alienation</big>''' Keynes was not deeply concerned with alienation and did not explicitly use the term in his writings. While Keynes was pro-business and viewed capitalism as essential for economic growth, he acknowledged that it created economic insecurity and dissatisfaction, which could alienate workers, yet he believed this was only a temporary problem. In his book the Economic Possibilities for Our Grandchildren (1930), he envisioned a future where society would become so wealthy that the pursuit of money for its own sake would become irrelevant, effectively eliminating alienation.<ref>{{Cite book |last=Kishtainy |first=Niall |title=A Little History of Economics |year=2025 |publisher=Yale University Press |isbn=9780300283242 |pages=104β108 |language=English}}</ref> He believed that continuous economic growth would eventually reduce the need for excessive labor and alleviate extreme inequality, allowing people to pursue more fulfilling lives. While Keynes' optimistic vision has not fully materialized, global wealth has grown significantly since his time. Yet, alienation remains a pressing issue, especially during periods of rising inequality, suggesting that economic growth alone may not be enough to eliminate the problem. Β
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