John Maynard
John Maynard
compared gradual ideas interests power vastly
The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas
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.
powerful jealous office
The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
learning power history
Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
current guide misleading run
But this long run is a misleading guide to current affairs. In the long run we are all dead.
change facts
When the facts change, I change my mind. What do you do, sir?
education
Education is the inculcation of the incomprehensible into the indifferent by the incompetent
fail reputation succeed teaches wisdom worldly
Worldly wisdom teaches that it is better for the reputation to fail conventionally than to succeed unconventionally
ought wild words
Words ought to be a little wild for they are the assaults of thought on the unthinking.
disgusting life love means money possession realities recognized somewhat
The love of money as a possession - as distinguished from the love of money as a means to the enjoyments and realities of life - will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propens
owe problem
If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours.
avarice fair foul gods hundred longer ourselves precaution useful
For at least another hundred years we must preÂtend 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.
best capitalist continuing destroy process secretly system wealth
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.
insightful investing
It is better to be roughly right than precisely wrong.