Ch. 5 : A Plan for Deferred Pay, Family, Allowances and a Cheap Ration
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For each individual it is a great advantage to retain the rights over the fruits of his labour even though he must put off the enjoyment of them. His personal wealth is thus increased. For that is what wealth is,—command of the right to postponed consumption.
— John Maynard Keynes
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "For each individual it is a great advantage to retain the rights over the fruits of his labour even though he must put off the enjoyment of them. His personal wealth is thus increased. For that is what wealth is,—command of the right to postponed consumption." in the context of "Ch. 5 : A Plan for Deferred Pay, Family, Allowances and a Cheap Ration" to mean that wisdom is timeless.
Source: Wikiquote: "John Maynard Keynes" (Quotes, 1940s, How to Pay for the War (1940))
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
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