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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

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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
Would
Increase
Effective
Except
Saving
Substitution
Philosophy
Faster
Entrepreneurs
Impossible
Decide
Borrowed
Public
Investment
Savings
Political
Intention
Occurred
Order
Otherwise
Classic
Become
Rate
Entrepreneur

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When somebody persuades me I am wrong, I change my mind.
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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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They offer me neither food nor drink - intellectual nor spiritual consolation... [Conservatism] leads nowhere it satisfies no ideal it conforms to no intellectual standard, it is not safe, or calculated to preserve from the spoilers that degree of civilization which we have already attained.
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But my lord, when we addressed this issue a few years ago, didn't you argue the other side? He said, That's true, but when I get more evidence I sometimes change my mind. What do you do?
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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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The boom, not the slump, is the right time for austerity at the Treasury.
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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Nothing mattered except states of mind, chiefly our own.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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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 expected never happens it is the unexpected always.
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I wish I'd drunk more champagne.
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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 duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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Newton was not the first of the age of reason, he was the last of the magicians.
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When I find new information I change my mind What do you do?
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I work for a Government I despise for ends I think criminal.
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