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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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Everything is always decided for reasons other than the real merits of the case
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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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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.
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But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
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When my information changes, I alter my conclusions. What do you do, sir?
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Men will not always die quietly.
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Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
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I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
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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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Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
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It is better to be roughly right than precisely wrong.
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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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I don't feel the least humble before the vastness of the heavens.
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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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The importance of money flows from it being a link between the present and the future.
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The engine which drives enterprise is not thrift, but profit.
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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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