"The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions."

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I am deeply convinced that any permanent, regular administrative system whose aim is to provide for the needs of the poor will breed more miseries than it can cure, will deprave the population that it wants to help and comfort, will dry up the sources of savings, will stop the accumulation of capital, will retard the development of trade, and will benumb human industry.

— Alexis de Tocqueville