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The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump but in abolishing slumps and thus keeping us permanently in a quasi-boom.
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
Cycles
Slump
Remedy
Abolishing
Keeping
Quasi
Thus
Slumps
Trade
Semi
Business
Permanently
Found
Boom
Right
Cycle
Booms
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I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
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Ideas shape the course of history.
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It would not be foolish to contemplate the possibility of a far greater progress still.
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I work for a Government I despise for ends I think criminal.
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How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?
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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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Men will not always die quietly.
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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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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 love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
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When I find new information I change my mind What do you do?
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The importance of money flows from it being a link between the present and the future.
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Successful investing is anticipating the anticipations of others.
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Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
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