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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

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In the long run we are all dead.
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The markets are moved by animal spirits, and not by reason.
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Successful investing is anticipating the anticipations of others.
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Anticipation Investment Success
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
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I’d rather be vaguely right than precisely wrong.
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The idea behind stamped money is sound.
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Ideas Money Sound Stamp
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
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The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods.
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Capital Deliver Goodness International Success Virtue War
It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
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The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.
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Government Introduction Speculation Transaction
I believe myself to be writing a book on economic theory which will largely revolutionize – not, I suppose, at once but in the course of the next ten years – the way the world thinks about economic problems.
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Believe Economics Problem Revolution Thinking World Writing
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Like all his type, Newton was wholly aloof from women.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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