Quote

The boom, not the slump, is the right time for austerity at the Treasury.

John Maynard Keynes

Change background

T
T
T

Change font

TAGS & TOPICS

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
Austerity
Boom
Treasury
Investing
Right
Time
Slump
Slumps

More quotes by John Maynard Keynes

Image
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
John Maynard Keynes
Image
Experience shows that what happens is always the thing against which one has not made provision in advance.
John Maynard Keynes
Image
The Class war will find me on the side of the educated bourgeoisie.
John Maynard Keynes
Image
Galton's eccentric, sceptical, observing, flashing, cavalry-leader type of mind led him eventually to become the founder of the most important, significant and, I would add, genuine branch of sociology which exists, namely eugenics.
John Maynard Keynes
Image
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.
John Maynard Keynes
Image
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
John Maynard Keynes
Image
The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse but to do those things which at present are not done at all.
John Maynard Keynes
Image
It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in substitution for investment by other entrepreneurs which would have occurred otherwise) at a faster rate than the public decide to increase their savings
John Maynard Keynes
Image
In truth, the gold standard is already a barbarous relic.
John Maynard Keynes
Image
It is better to be roughly right than precisely wrong.
John Maynard Keynes
Image
I can't remember my telephone number, but I know it was in the high numbers.
John Maynard Keynes
Image
The expected never happens it is the unexpected always.
John Maynard Keynes
Image
The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.
John Maynard Keynes
Image
The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
John Maynard Keynes
Image
Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
John Maynard Keynes
Image
The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
John Maynard Keynes
Image
It would not be foolish to contemplate the possibility of a far greater progress still.
John Maynard Keynes
Image
The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
John Maynard Keynes
Image
Investing is an activity of forecasting the yield over the life of the asset speculation is the activity of forecasting the psychology of the market.
John Maynard Keynes
Image
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.
John Maynard Keynes