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Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught

John Maynard Keynes

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Criticism Foundation Inadequate Weight

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When my information changes, I alter my conclusions. What do you do, sir?
JOHN MAYNARD KEYNES

Change Conclusion Information Yourself
The expected never happens; it is the unexpected always.
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Expectation Inspirational Miracle Motivational
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
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Currency Existence Subtle Sure
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
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Land Reason Scarcity
The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.
JOHN MAYNARD KEYNES

Envelope Future Ignorance Object Ourselves Skills Social
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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History Mindset Opinion Study
Chess is a cure for headaches.
JOHN MAYNARD KEYNES

Chess Game Head Pain
This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
JOHN MAYNARD KEYNES

Affair Current Death Guide Ocean Past Run Storm
It is ideas, not vested interests, which are dangerous for good or evil.
JOHN MAYNARD KEYNES

Dangerous Evil Goodness Ideas
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.
JOHN MAYNARD KEYNES

Fair God Oneself Pretend Soul
Everything is always decided for reasons other than the real merits of the case.
JOHN MAYNARD KEYNES

Case Decision Reality Reason
There is no intrinsic reason for the scarcity of capital.
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Capital Reason Scarcity
Successful investing is anticipating the anticipations of others.
JOHN MAYNARD KEYNES

Anticipation Investment Success
The forces of the nineteenth century have run their course and are exhausted.
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Course Exhaust Focus Run
It’s not bringing in the new ideas that’s so hard; it’s getting rid of the old ones.
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Hard Ideas Old Oneself
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
JOHN MAYNARD KEYNES

Advantage Greatness Impression Scarce Social Stock

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