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What does the quotation They learned nothing and forgot nothing mean?

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It is a quote by Tallyrand about the Bourbons (the rulers of France) of how they learned nothing from the events leading up to, during, and after the French Revolution and Napoleonic Empire, but forgot nothing when they returned to power and immediately put their old cronies back in charge and did all in their power to humiliate and impoverish those that turned them out.
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