To quote John Maynard Keynes over and over and ...
In the long run we are all dead.
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
The avoidance of taxes is the only intellectual pursuit that still carries any reward.
Successful investing is anticipating the anticipations of others.
Most men love money and security more, and creation and construction less, as they get older.
The importance of money flows from it being a link between the present and the future.
There is no harm in being sometimes wrong - especially if one is promptly found out.
Words ought to be a little wild, for they are the assaults of thoughts on the unthinking.
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.
I work for a Government I despise for ends I think criminal.
Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
Like Odysseus, the President looked wiser when he was seated.
The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.
The best way to destroy the capitalist system is 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.
I think that one merits a repeat.
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
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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