This Keynes Quote Sums Up Our Worst Fears About Easy Monetary Policy

Societe Generale's Dylan Grice hasn't been thrilled by the Federal Reserve's decision to embark on QE3 — an effort to lower interest rates by buying bonds. And many of the world's central banks are  pursuing aggressive monetary policy.

In response, Grice has previously said "the defining feature of coming decades will be a Great Disorder". 

By this, he means that currency debasement would eventually bring about social disorder. 

At today's Big Picture Conference, Grice reiterated this argument when he posted this quote from John Maynard Keynes. Via CapitalismWithoutFailure.com:

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