Mr. J. M. Keynes is now working at the Treasury.
So is another Cambridge economist of the Keynes school, Mr. Hubert Henderson (he has, it is true, chosen Oxford in his riper age). It is not surprising, therefore, that Mr. Keynes' well-known "deferred payment" principle should have secured recognition in the Budget—to the general satisfaction of the critics. I am neither economist nor financier, and in those fields therefore no apostle of Mr. Keynes. But my exiguous personal accounts have been kept on a Keynes model for nearly forty years—since a day when, an undergraduate like myself, he unfolded to me the advantage of keeping one's cheque-book always balanced up-to-date in the corner of the counterfoil. It may be an almost universal habit. I don't know. But it is a good habit, and for me the better that I learnt it from Keynes.
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