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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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
Avoid
Gold
Revolution
Wise
Friends
Moderate
Moderates
Extremely
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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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I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.
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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.
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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
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When somebody persuades me I am wrong, I change my mind.
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Nothing mattered except states of mind, chiefly our own.
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In truth, the gold standard is already a barbarous relic.
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The forces of the nineteenth century have run their course and are exhausted.
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It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
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We will not have any more crashes in our time.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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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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The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
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