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Capitalism 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 Keynes

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John Maynard Keynes
Age: 62 †
Born: 1883
Born: June 5
Died: 1946
Died: April 21
Businessperson
Diplomat
Economist
Mathematician
Non-Fiction Writer
Philosopher
Politician
Professor
Lord Keynes
Baron Keynes of Tilton
Things
Environmental
Men
Capitalism
Fun
Greatest
Belief
Wickedest
Everyone
Astounding
Business
Corporations
Good
Economics

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If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
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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.
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Adam Smith and Malthus and Ricardo ! There is something about these three figures to evoke more than ordinary sentiments from us their children in the spirit.
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Investing is an activity of forecasting the yield over the life of the asset speculation is the activity of forecasting the psychology of the market.
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If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
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The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which, escaping by their gradual character the notice of contemporary observers, are attributed to the follies of statesmen or the fanaticism of atheists .
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Chess is a cure for headaches.
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Obstinacy can bring only a penalty and no reward.
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I work for a Government I despise for ends I think criminal.
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The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
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Nothing mattered except states of mind, chiefly our own.
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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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The numeric system was invented to help man to put order in the chaos of the world.
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A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
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I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
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Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump but in abolishing slumps and thus keeping us permanently in a quasi-boom.
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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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