John Maynard Keynes Quotations

The Class war will find me on the side of the educated bourgeoisie.

I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.

It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.

Like Odysseus, the President looked wiser when he was seated.

Experience shows that what happens is always the thing against which one has not made provision in advance.

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.

Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.

If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy.

The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.