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John Maynard Keynes Quotes
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One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli (John Maynard Keynes Quotes)
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 Keynes Quotes)
Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one (John Maynard Keynes Quotes)
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes (John Maynard Keynes Quotes)
It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions (John Maynard Keynes Quotes)
Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly (John Maynard Keynes Quotes)
Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market (John Maynard Keynes Quotes)
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 Quotes)
The biggest problem is not to let people accept new ideas, but to let them forget the old ones (John Maynard Keynes Quotes)
If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy (John Maynard Keynes Quotes)
Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget (John Maynard Keynes Quotes)
Experience shows that what happens is always the thing against which one has not made provision in advance (John Maynard Keynes Quotes)
It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence (John Maynard Keynes Quotes)
The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy (John Maynard Keynes Quotes)
Newton was not the first of the age of reason, he was the last of the magicians (John Maynard Keynes Quotes)
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals (John Maynard Keynes Quotes)
If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out (John Maynard Keynes Quotes)
The numeric system was invented to help man to put order in the chaos of the world (John Maynard Keynes Quotes)
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation (John Maynard Keynes Quotes)
Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results (John Maynard Keynes Quotes)
It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability (John Maynard Keynes Quotes)
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 Quotes)
The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare (John Maynard Keynes Quotes)