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The importance of money flows from it being a link between the present and the future.
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
Flows
Links
Flow
Importance
Present
Future
Business
Money
Link
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It would not be foolish to contemplate the possibility of a far greater progress still.
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The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
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It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in substitution for investment by other entrepreneurs which would have occurred otherwise) at a faster rate than the public decide to increase their savings
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Like all his type, Newton was wholly aloof from women.
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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 markets are moved by animal spirits, and not by reason.
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The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
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When my information changes, I alter my conclusions. What do you do, sir?
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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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
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Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
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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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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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We will not have any more crashes in our time.
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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.
John Maynard Keynes
