----------------- HES POSTING ----------------- Perhaps this forwarded email originally sent to the list by Michael Perelman in response to a query from Michael Perelman might help Michael Perelman finding out the reference of the Keynes quote Julien Vincent [Moral of the story: Always check the HES List archive! Something your Moderator should have done himself before posting Michael's message!. RBE] ************ I finally found the Keynes quote in the third vol. of Skidelsky's biography. p. 378: Keynes "Owe your banker £1000 and you are at his mercy; owe him £1 million and the position is reversed." in a memorandum "Overseas Financial Arrangements in Stage III," initialed on 18 March 1945. Michael Perelman ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]