Economics is a very dangerous science.
JOHN MAYNARD KEYNESThe 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.
More John Maynard Keynes Quotes
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The idea behind stamped money is sound.
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The biggest problem is not to let people accept new ideas, but to let them forget the old ones.
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Once we allow ourselves to be disobedient to the test of an accountant’s profit, we have begun to change our civilization.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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There is nothing so disastrous as a rational investment policy in an irrational world.
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Ideas shape the course of history.
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In the long run we are all dead.
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The importance of money flows from it being a link between the present and the future.
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The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
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All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
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Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.
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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.
JOHN MAYNARD KEYNES