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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
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
Government
Economy
Secretly
Important
Economic
Banking
Poor
Inflation
Society
Continuing
Process
Prosperity
Money
Economics
Hyperinflation
Part
Citizens
Unobserved
Power
Wealth
Confiscate
More quotes by John Maynard Keynes
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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Once doubt begins it spreads rapidly.
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But my lord, when we addressed this issue a few years ago, didn't you argue the other side? He said, That's true, but when I get more evidence I sometimes change my mind. What do you do?
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I wish I'd drunk more champagne.
John Maynard Keynes
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
John Maynard Keynes
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.
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Nothing mattered except states of mind, chiefly our own.
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Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.
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In truth, the gold standard is already a barbarous relic.
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Chess is a cure for headaches.
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I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.
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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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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.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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Everything is always decided for reasons other than the real merits of the case
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It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
John Maynard Keynes
Conservatism leads nowhere it satisfies no ideal.
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I don't feel the least humble before the vastness of the heavens.
John Maynard Keynes
Men will not always die quietly.
John Maynard Keynes
