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Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
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
Better
Increase
Pyramids
Even
Building
Earthquakes
Way
Wealth
Statesmen
Principles
Classical
Education
Wars
War
Stands
Anything
Economics
May
Serve
Pyramid
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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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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It would not be foolish to contemplate the possibility of a far greater progress still.
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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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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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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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Once doubt begins it spreads rapidly.
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In truth, the gold standard is already a barbarous relic.
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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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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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