Keynes only regret

7 Jun, 2021 at 22:30 | Posted in Varia | 1 Comment

Steve Keen (@ProfSteveKeen) | Twitter

Your’s truly won’t have to share Keynes regret.

Champagne is one of the few things in life he never says no to.

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  1. We have a perfectly good substitute here in Limoux, Languedoc, called blanquette. It’s the original – it was the monks of the monastery of St. Hilaire who discovered/invented the sparkling in the 16th century. An ecclesiastical passer-by took the invention to Champagne where it became famous because Champagne was better positioned to deliver to Paris.

    According to the first-rate blanquette producer M. Guinot, the quality of the blanquette languished until the second half of the 20th century for lack of demand, so I understand that John Maynard didn’t consider it. But then it began to improve. Today I can’t find the difference. Of course there are good blanquette and not-so-good. But the price is usually well below champagne prices of equal quality, due to the latter’s market dominance.

    See https://en.wikipedia.org/wiki/Limoux_wine


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