John Maynard Keynes Quotes

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.

It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.

The duty of “saving” became nine-tenths of virtue and the growth of the cake the object of true religion.

It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.

In truth, the gold standard is already a barbarous relic.

The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

It is the duty of the long-term investor to endure great losses with equanimity.

Markets can remain irrational longer than you can remain solvent.

Gold is a relic from a time when government’s were less trustworthy in these matters (currency debasement) than they are now.

Economics is a very dangerous science.