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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
Importance
Present
Future
Business
Money
Link
Flows
Links
Flow
More quotes by John Maynard Keynes
I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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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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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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We will not have any more crashes in our time.
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The boom, not the slump, is the right time for austerity at the Treasury.
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?
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The difficulty lies, not in the new ideas, but in escaping from the old ones.
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Chess is a cure for headaches.
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Nothing mattered except states of mind, chiefly our own.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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Men will not always die quietly.
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If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.
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[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.
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The duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.
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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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When somebody persuades me I am wrong, I change my mind.
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... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
John Maynard Keynes
Most men love money and security more, and creation and construction less, as they get older.
John Maynard Keynes