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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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
Time
Economics
Matters
Gold
Philosophy
Debasement
Less
Relic
Political
Relics
Government
Trustworthy
Matter
Currency
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Like all his type, Newton was wholly aloof from women.
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When I find new information I change my mind What do you do?
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The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.
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The Class war will find me on the side of the educated bourgeoisie.
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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 engine which drives enterprise is not thrift, but profit.
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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 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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We will not have any more crashes in our time.
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When somebody persuades me I am wrong, I change my mind.
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This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
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Nothing mattered except states of mind, chiefly our own.
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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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Once doubt begins it spreads rapidly.
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Most men love money and security more, and creation and construction less, as they get older.
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There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
John Maynard Keynes
