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Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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
Thoughts
Ought
Words
Business
Inspirational
Unthinking
Past
Assault
Littles
Wild
Little
Economics
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I can't remember my telephone number, but I know it was in the high numbers.
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Successful investing is anticipating the anticipations of others.
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Obstinacy can bring only a penalty and no reward.
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The markets are moved by animal spirits, and not by reason.
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It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
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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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One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.
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The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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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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The Class war will find me on the side of the educated bourgeoisie.
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Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse but to do those things which at present are not done at all.
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It is ideas, not vested interests, which are dangerous for good or evil.
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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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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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Nothing mattered except states of mind, chiefly our own.
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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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Most men love money and security more, and creation and construction less, as they get older.
John Maynard Keynes