There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
John Maynard KeynesThere is nothing so disastrous as a rational investment policy in an irrational world.
John Maynard KeynesI do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.
John Maynard KeynesIt 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 KeynesI see, therefore, the rentier aspect of capitalism as a transitional phase which will disappear when it has done its work. And with the disappearance of its rentier aspect much else in it besides will suffer a sea-change. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great Britain, and will need no revolution.
John Maynard Keynes