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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.

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
Century
Entrepreneur
Disturbance
Economic
Popular
Combining
Impossible
Violent
Entrepreneurs
Class
Blow
Contract
Social
Fast
Arbitrary
Given
Hatred
Contracts
Continuance
Order
Already
Governments
Nineteenth
Government
Security
Investing
Rendering

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The expected never happens it is the unexpected always.
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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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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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If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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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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In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another and prefer collective animosities to individual happiness.
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Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.
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It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
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It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
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Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
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I can't remember my telephone number, but I know it was in the high numbers.
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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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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
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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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I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
John Maynard Keynes
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Men will not always die quietly.
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Experience shows that what happens is always the thing against which one has not made provision in advance.
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The numeric system was invented to help man to put order in the chaos of the world.
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The importance of money flows from it being a link between the present and the future.
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