Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be. John Maynard Keynes More Quotes by John Maynard Keynes More Quotes From John Maynard Keynes I should have drunk more Champagne. John Maynard Keynes champagne drunk should-have The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam. John Maynard Keynes historical mistake book The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed. John Maynard Keynes old-saying mercy bankers Chess is a cure for headaches. John Maynard Keynes headache cures chess Nothing mattered except states of mind, chiefly our own. John Maynard Keynes intelligent mind pregnancy God has arrived. I met him on the 5:15 train. John Maynard Keynes mets train The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity. John Maynard Keynes morbidity possession wise It would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain. John Maynard Keynes weight expectations would-be I work for a Government I despise for ends I think criminal. John Maynard Keynes criminals government thinking 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. John Maynard Keynes decay may world A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him. John Maynard Keynes investing sound bankers The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom. John Maynard Keynes slumps business found As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. John Maynard Keynes investing believe thinking By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft. John Maynard Keynes men mean people Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget. John Maynard Keynes investing taxation running Logic , like lyrical poetry , is no employment for the middle-aged John Maynard Keynes lyrical employment logic The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first. John Maynard Keynes principles long way 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. John Maynard Keynes business letting-go art It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics. John Maynard Keynes long believe thinking Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole. John Maynard Keynes liquid doctrine community
