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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
John Maynard Keynes -
Gold is a relic from a time when government's were less trustworthy in these matters currency debasement than they are now.
John Maynard Keynes
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Variant reported in Time magazine, Monday, Feb. 17, 1947
John Maynard Keynes -
One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
John Maynard Keynes -
If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.
John Maynard Keynes -
I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.
John Maynard Keynes -
The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
John Maynard Keynes -
When somebody persuades me I am wrong, I change my mind.
John Maynard Keynes
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Most men love money and security more, and creation and construction less, as they get older.
John Maynard Keynes -
But the dreams of designing diplomats do not always prosper, and we must trust the future.
John Maynard Keynes -
Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.
John Maynard Keynes -
I'd rather be vaguely right than precisely wrong.
John Maynard Keynes -
Silvio Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from the spirit of Gesell then from that of Marx.
John Maynard Keynes -
The difficulty lies not so much in developing new ideas as in escaping from old ones.
John Maynard Keynes
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For each individual it is a great advantage to retain the rights over the fruits of his labour even though he must put off the enjoyment of them. His personal wealth is thus increased. For that is what wealth is,-command of the right to postponed consumption.
John Maynard Keynes -
Once doubt begins it spreads rapidly.
John Maynard Keynes -
Ideas shape the course of history.
John Maynard Keynes -
Successful investing is anticipating the anticipations of others.
John Maynard Keynes -
All the political parties alike have their origins in past ideas and not in new ideas - and none more conspicuously so than the Marxists.
John Maynard Keynes -
The numeric system was invented to help man to put order in the chaos of the world.
John Maynard Keynes
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Jevons saw the kettle boil and cried out with the delighted voice of a child; Marshall too had seen the kettle boil and sat down silently to build an engine.
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 -
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
John Maynard Keynes -
We will not have any more crashes in our time.
John Maynard Keynes