Quote

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.

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
Men
Saving
Ten
Labor
Device
Liberty
Enables
Economic
Machinery
Politics
Described
Government
Marvelous
Work
Devices

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The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
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It is ideas, not vested interests, which are dangerous for good or evil.
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If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
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The engine which drives enterprise is not thrift, but profit.
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Perhaps it is historically true that no order of society ever perishes save by its own hand.
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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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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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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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Successful investing is anticipating the anticipations of others.
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The importance of money flows from it being a link between the present and the future.
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The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
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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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