I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments. John Maynard Keynes More Quotes by John Maynard Keynes More Quotes From John Maynard Keynes The difficulty lies, not in the new ideas, but in escaping from the old ones. John Maynard Keynes change inspirational lying Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all. John Maynard Keynes ubuntu men peace The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all. John Maynard Keynes government important done The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty. John Maynard Keynes liberty political justice Markets can remain irrational longer than you can remain solvent. John Maynard Keynes investment investing money When the facts change, I change my mind. John Maynard Keynes business mind facts Long run is a misleading guide to current affairs. In the long run we are all dead. John Maynard Keynes affair running long It is better to be roughly right than precisely wrong. John Maynard Keynes investing insightful By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes government money power 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. John Maynard Keynes psychology yield business The master-economist must possess a rare combination of gifts. He must reach a high standard in several different directions and must combine talents not often found together. He must be mathematician, historian, statesman, philosopher - in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light ofthe past for the purposes of the future John Maynard Keynes light together past Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back John Maynard Keynes air men believe Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. John Maynard Keynes government important sight When my information changes, I alter my conclusions. What do you do, sir? John Maynard Keynes conclusion information Successful investing is anticipating the anticipations of others. John Maynard Keynes investing successful wise Education: the inculcation of the incomprehensible into the indifferent by the incompetent. John Maynard Keynes indifferent economics education For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. John Maynard Keynes liberty littles years The biggest problem is not to let people accept new ideas, but to let them forget the old ones. John Maynard Keynes problem people ideas All production is for the purpose of ultimately satisfying a consumer. John Maynard Keynes satisfying consumers purpose Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone. John Maynard Keynes business fun men
