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Most men love money and security more, and creation and construction less, as they get older.
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
Less
Money
Materialism
Men
Construction
Love
Confusion
Economics
Older
Creation
Security
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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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Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.
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Successful investing is anticipating the anticipations of others.
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There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
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We will not have any more crashes in our time.
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The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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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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Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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Too large a proportion of recent mathematical economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.
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The boom, not the slump, is the right time for austerity at the Treasury.
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If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.
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It is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
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