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Essays in persuasion / John Maynard Keynes
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V

THE FUTURE

37i

Professor said to the children,if youll just wait aminute. How much is it, this year, my man? Thetailor had come in while he was speaking.

Well, its been a-doubling so many years, yousee, the tailor replied, a little gruffly,and I thinkId like the money now. Its two thousand pound,it is!

Oh, thats nothing! the Professor carelesslyremarked, feeling in his pocket, as if he always carriedat least that amount about with him.But wouldntyou like to wait just another year and make it fourthousand? Just think how rich youd be! Why, youmight be a king , if you liked!

I dont know as Id care about being a king, theman said thoughtfully.But it dew sound a powerfulsight o money! Well, I think Ill wait-

Of course you will! said the Professor.Theresgood sense in you, I see. Good-day to you, my man!

Will you ever have to pay him that four thousandpounds? Sylvie asked as the door closed on thedeparting creditor.

Never, my child! the Professor replied emphatic-ally.Hell go on doubling it till he dies. You see,its always worth while waiting another year to gettwice as much money!

Perhaps it is not an accident that the racewhich did most to bring the promise of im-mortality into the heart and essence of our re-ligions has also done most for the principle ofcompound interest and particularly loves thismost purposive of human institutions.

I see us free, therefore, to return to some ofthe most sure and certain principles of religionand traditional virtuethat avarice is a vice,that the exaction of usury is a misdemeanour,and the love of money is detestable, that those