John Maynard Keynes Quotes and Sayings - Page 1
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“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
-- John Maynard KeynesSource : John Maynard Keynes (2016). “The Economic Consequences of the Peace”, p.121, Skyhorse Publishing, Inc.
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“The difficulty lies not so much in developing new ideas as in escaping from old ones.”
-- John Maynard Keynes -
“Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.”
-- John Maynard Keynes -
“Ideas shape the course of history.”
-- John Maynard Keynes#Inspirational Quotes #Life Changing Quotes #Carpe Diem Quotes
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“When the facts change, I change my mind.”
-- John Maynard KeynesSource : "The Keynes Centenary". "The Economist" (Vol. 287, p. 19), 1983.
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“Once doubt begins it spreads rapidly.”
-- John Maynard Keynes -
“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back”
-- John Maynard KeynesSource : The General Theory of Employment, Interest and Money bk. 6, ch. 24 (1936)
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“When my information changes, I alter my conclusions. What do you do, sir?”
-- John Maynard Keynes -
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“The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.”
-- John Maynard Keynes -
“Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”
-- John Maynard Keynes -
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
-- John Maynard Keynes -
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“Markets can remain irrational longer than you can remain solvent.”
-- John Maynard KeynesSource : Forbes v. 151, iss. 4, (p. 236), 1993.
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“The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.”
-- John Maynard KeynesSource : John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The collected writings of John Maynard Keynes”
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“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”
-- John Maynard Keynes -
“If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.”
-- John Maynard Keynes -
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“The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.”
-- John Maynard Keynes -
“Newton was not the first of the age of reason. He was the last of the magicians, the last of the Babylonians and Sumerians, the last great mind that looked out on the visible and intellectual world with the same eyes as those who began to build our intellectual inheritance rather less than 10,000 years ago.”
-- John Maynard Keynes -
“In truth, the gold standard is already a barbarous relic.”
-- John Maynard KeynesSource : John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The Collected Writings of John Maynard Keynes: Essays in persuasion”
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“I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.”
-- John Maynard Keynes -
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“The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.”
-- John Maynard Keynes -
“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.”
-- John Maynard KeynesSource : The End of Laissez-Faire pt. 4 (1926)
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“I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.”
-- John Maynard Keynes -
“The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.”
-- John Maynard Keynes -
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“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.”
-- John Maynard Keynes -
“I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.”
-- John Maynard Keynes -
“It is ideas, not vested interests, which are dangerous for good or evil.”
-- John Maynard Keynes -
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“This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.”
-- John Maynard KeynesSource : A Tract on Monetary Reform ch. 3 (1923)
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“The time has already come when each country needs a considered national policy about what size of population, whether larger or smaller than at present or the same, is most expedient. And having settled this policy, we must take steps to carry it into operation. The time may arrive a little later when the community as a whole must pay attention to the innate quality as well as to the mere numbers of its future members.”
-- John Maynard Keynes
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