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It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
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
Public
Agreed
Interest
Skeptical
True
Gambling
Stock
Expensive
Generally
Exchanges
Financial
Casinos
Perhaps
Inaccessible
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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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If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.
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I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
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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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Nothing mattered except states of mind, chiefly our own.
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When I find new information I change my mind What do you do?
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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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It is better to be roughly right than precisely wrong.
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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 markets are moved by animal spirits, and not by reason.
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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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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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Once doubt begins it spreads rapidly.
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick
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...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.
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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.
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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
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Ideas shape the course of history.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
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