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.
JOHN MAYNARD KEYNESBy 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.
JOHN MAYNARD KEYNESIt is better that a man should tyrannize over his bank balance than over his fellow-citizens.
JOHN MAYNARD KEYNESI work for a Government I despise for ends I think criminal.
JOHN MAYNARD KEYNESObstinacy can bring only a penalty and no reward.
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.
JOHN MAYNARD KEYNESConservatism leads nowhere; it satisfies no ideal.
JOHN MAYNARD KEYNESAmericans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
JOHN MAYNARD KEYNESCapitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
JOHN MAYNARD KEYNESThe 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 KEYNESGovernment machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
JOHN MAYNARD KEYNESThere is nothing so disastrous as a rational investment policy in an irrational world.
JOHN MAYNARD KEYNESThe 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 KEYNESWorldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
JOHN MAYNARD KEYNESI’d rather be vaguely right than precisely wrong.
JOHN MAYNARD KEYNESIf human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
JOHN MAYNARD KEYNESPractical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
JOHN MAYNARD KEYNES