By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
JOHN MAYNARD KEYNESThe treasury could fill old bottles with banknotes and bury them, and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
More John Maynard Keynes Quotes
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Most men love money and security more, and creation and construction less, as they get older.
JOHN MAYNARD KEYNES -
When the facts change, I change my mind.
JOHN MAYNARD KEYNES -
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
JOHN MAYNARD KEYNES -
The difficulty lies, not in the new ideas, but in escaping from the old ones.
JOHN MAYNARD KEYNES -
The markets are moved by animal spirits, and not by reason.
JOHN MAYNARD KEYNES -
Conservatism leads nowhere; it satisfies no ideal.
JOHN MAYNARD KEYNES -
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.
JOHN MAYNARD KEYNES -
The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.
JOHN MAYNARD KEYNES -
There is no harm in being sometimes wrong – especially if one is promptly found out.
JOHN MAYNARD KEYNES -
I work for a Government I despise for ends I think criminal.
JOHN MAYNARD KEYNES -
When I find new information I change my mind; What do you do?
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 -
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
JOHN MAYNARD KEYNES -
The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
JOHN MAYNARD KEYNES -
There is no intrinsic reason for the scarcity of capital.
JOHN MAYNARD KEYNES