It is a mistake to think that one limits oneโs risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
John Maynard KeynesMorally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.
John Maynard KeynesWords ought to be a little wild, for they are the assault of thoughts on the unthinking.
John Maynard KeynesCapitalism 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 KeynesIf the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.
John Maynard Keynes