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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
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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
Sure
Interest
Encroachment
Power
Vested
Ideas
Vastly
Gradual
Exaggerated
Compared
Interests
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I work for a Government I despise for ends I think criminal.
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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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It would not be foolish to contemplate the possibility of a far greater progress still.
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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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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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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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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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Chess is a cure for headaches.
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Once doubt begins it spreads rapidly.
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It is better to be roughly right than precisely wrong.
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Nothing mattered except states of mind, chiefly our own.
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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Successful investing is anticipating the anticipations of others.
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Obstinacy can bring only a penalty and no reward.
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The importance of money flows from it being a link between the present and the future.
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