Gold is a relic from a time when government’s were less trustworthy in these matters (currency debasement) than they are now.
JOHN MAYNARD KEYNESWords ought to be a little wild, for they are the assault of thoughts on the unthinking.
More John Maynard Keynes Quotes
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There is nothing so disastrous as a rational investment policy in an irrational world.
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It is the duty of the long-term investor to endure great losses with equanimity.
JOHN MAYNARD KEYNES -
Ideas shape the course of history.
JOHN MAYNARD KEYNES -
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
JOHN MAYNARD KEYNES -
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
JOHN MAYNARD KEYNES -
One’s knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
JOHN MAYNARD KEYNES -
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.
JOHN MAYNARD KEYNES -
Economics is a very dangerous science.
JOHN MAYNARD KEYNES -
Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
JOHN MAYNARD KEYNES -
Everything is always decided for reasons other than the real merits of the case.
JOHN MAYNARD KEYNES -
Never in history was there a method devised of such efficacy for setting each country’s advantage at variance with its neighbours’ as the international gold (or, formerly, silver) standard.
JOHN MAYNARD KEYNES -
The difficulty lies, not in the new ideas, but in escaping from the old ones.
JOHN MAYNARD KEYNES -
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
JOHN MAYNARD KEYNES -
The key to selecting the winner isn’t choosing the face you think is the most beautiful but rather the face other people will pick
JOHN MAYNARD KEYNES -
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
JOHN MAYNARD KEYNES