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The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.
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
Class
Frightful
Nations
Muddle
Problem
Transitory
Nothing
Unnecessary
Classes
Poverty
Struggle
Economic
More quotes by John Maynard Keynes
When my information changes, I alter my conclusions. What do you do, sir?
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The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
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The boom, not the slump, is the right time for austerity at the Treasury.
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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.
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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
The Class war will find me on the side of the educated bourgeoisie.
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The expected never happens it is the unexpected always.
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Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
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We will not have any more crashes in our time.
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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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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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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.
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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
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It is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
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Once doubt begins it spreads rapidly.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
John Maynard Keynes
