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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.
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
Bank
Pounds
Investing
Mercy
Million
Thousand
Millions
Bankers
Manager
More quotes by John Maynard Keynes
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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Perhaps it is historically true that no order of society ever perishes save by its own hand.
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I can't remember my telephone number, but I know it was in the high numbers.
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The Class war will find me on the side of the educated bourgeoisie.
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Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
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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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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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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.
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Conservatism leads nowhere it satisfies no ideal.
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In truth, the gold standard is already a barbarous relic.
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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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But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
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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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Chess is a cure for headaches.
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I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.
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Everything is always decided for reasons other than the real merits of the case
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It is ideas, not vested interests, which are dangerous for good or evil.
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When somebody persuades me I am wrong, I change my mind.
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There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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