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
JOHN MAYNARD KEYNES
John Maynard Keynes on direct
John Maynard Keynes151 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.”
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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 KeynesJohn Maynard Keynes There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
John Maynard KeynesJohn Maynard Keynes 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 KeynesJohn Maynard Keynes Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
John Maynard KeynesJohn Maynard Keynes I work for a Government I despise for ends I think criminal.
John Maynard KeynesJohn 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 KeynesJohn Maynard Keynes The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
John Maynard KeynesJohn Maynard Keynes But the dreams of designing diplomats do not always prosper, and we must trust the future .
John Maynard KeynesJohn Maynard Keynes When the facts change, I change my mind.
John Maynard KeynesJohn Maynard Keynes Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
John Maynard KeynesJohn Maynard Keynes The numeric system was invented to help man to put order in the chaos of the world.
John Maynard KeynesJohn Maynard Keynes For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
John Maynard KeynesJohn Maynard Keynes 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 KeynesJohn 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 KeynesJohn Maynard Keynes When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
John Maynard KeynesJohn Maynard Keynes 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 KeynesJohn Maynard Keynes
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