The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics.
JOHN MAYNARD KEYNESThe idea behind stamped money is sound.
More John Maynard Keynes Quotes
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The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
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When the facts change, I change my mind.
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The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.
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By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
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A speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
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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 accomplished.
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I work for a Government I despise for ends I think criminal.
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It is ideas, not vested interests, which are dangerous for good or evil.
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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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It would not be foolish to contemplate the possibility of a far greater progress still.
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It is a good thing to make mistakes so long as you’re found out quickly.
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The numeric system was invented to help man to put order in the chaos of the world.
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Obstinacy can bring only a penalty and no reward.
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The idea behind stamped money is sound.
JOHN MAYNARD KEYNES -
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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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.
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Ideas, knowledge, art, hospitality, travel – these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
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Men will not always die quietly.
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The duty of “saving” became nine-tenths of virtue and the growth of the cake the object of true religion.
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An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.
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It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
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There is nothing so disastrous as a rational investment policy in an irrational world.
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To our generation Einstein has been made to become a double symbol – a symbol of the mind travelling in the cold regions of space, and a symbol of the brave and generous outcast, pure in heart and cheerful of spirit.
JOHN MAYNARD KEYNES -
It is Enterprise which build and improves the world’s possessions. If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift; and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
JOHN 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.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
JOHN MAYNARD KEYNES