John Maynard
John Maynard
trying shapes position
I am trying to re-shape and improve my central position.
wise conservatism ideals
Conservatism leads nowhere; it satisfies no ideal.
wise morbidity possession
The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
men august history
What an extraordinary episode in the economic progress of man was that age which came to an end in August 1914.
government sight important
Lenin is said to have declared that the best way to destroy the Capitalist System was 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. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.
statistics degrees helping
It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.
balance essentials attention
Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.
bad-ass drunk wish
I wish I'd drunk more champagne.
jobs fate politics
One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.
powerful freedom ideas
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
years issues mind
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?
ideas ties errors
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
thinking government criminals
I work for a Government I despise for ends I think criminal.
believe average america
Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.