There is no intrinsic reason for the scarcity of capital. John Maynard Keynes More Quotes by John Maynard Keynes More Quotes From John Maynard Keynes 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? John Maynard Keynes issues mind years We will not have any more crashes in our time. John Maynard Keynes great-depression crash depression Everything is always decided for reasons other than the real merits of the case John Maynard Keynes merit real reason It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth. John Maynard Keynes investment wealth shapes Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be. John Maynard Keynes average believe america It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges. John Maynard Keynes casinos gambling financial It is a good thing to make mistakes so long as you're found out quickly. John Maynard Keynes good-things mistake long If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy. John Maynard Keynes investing pounds bankers This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again. John Maynard Keynes ocean running death Once doubt begins it spreads rapidly. John Maynard Keynes spread doubt One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence. John Maynard Keynes investing three two Ideas shape the course of history. John Maynard Keynes carpe-diem life-changing inspirational In the long run we are all dead. John Maynard Keynes running funny death Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose. John Maynard Keynes law men mean 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 and orthodox way along with his fellows, so that no one can really blame him. It is necessarily part of the business of a banker to maintain appearances, and to confess a conventional respectability, which is more than human. Life-long practices of this kind make them the most romantic and the least realistic of men. John Maynard Keynes practice men long The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive. John Maynard Keynes merit unattractive principles It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion John Maynard Keynes eye essence average There is no harm in being sometimes wrong - especially if one is promptly found out. John Maynard Keynes programming found sometimes Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed. John Maynard Keynes taxation regulation government 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. John Maynard Keynes gains bears long
