By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Quote by John Maynard Keynes

Topics: Government Quotes

The social object of skilled investment should be to defeat the dark forces of time...

The social object of skilled investment should be to defeat the dark forces of time...

I do not know which makes a man more conservative - to know nothing but...

I do not know which makes a man more conservative - to know nothing but...

There is no harm in being sometimes wrong- especially if one is promptly found out.

There is no harm in being sometimes wrong- especially if one is promptly found out.

Education is the inculcation of the incomprehensible into the indifferent by the incompetent

Education is the inculcation of the incomprehensible into the indifferent by the incompetent

The day is not far off when the economic problem will take the back seat...

The day is not far off when the economic problem will take the back seat...

Most men love money and security more, and creation and construction less, as they get...

Most men love money and security more, and creation and construction less, as they get...

Nothing mattered except states of mind, chiefly our own.

Nothing mattered except states of mind, chiefly our own.

The difficulty lies not so much in developing new ideas as in escaping from old...

The difficulty lies not so much in developing new ideas as in escaping from old...

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

Americans are apt to be unduly interested in discovering what average opinion believes average opinion...

Americans are apt to be unduly interested in discovering what average opinion believes average opinion...

It would not be foolish to contemplate the possibility of a far greater progress still.

It would not be foolish to contemplate the possibility of a far greater progress still.

Words ought to be a little wild, for they are the assaults of thoughts on...

Words ought to be a little wild, for they are the assaults of thoughts on...

For at least another hundred years we must pretend to ourselves and to every one...

For at least another hundred years we must pretend to ourselves and to every one...

The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas

The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas

The difficulty lies, not in the new ideas, but in escaping the old ones, which...

The difficulty lies, not in the new ideas, but in escaping the old ones, which...

If economists could manage to get themselves thought of as humble, competent people on a...

If economists could manage to get themselves thought of as humble, competent people on a...

The best way to destroy the capitalist system is to debauch the currency. By a...

The best way to destroy the capitalist system is to debauch the currency. By a...

I believe totally in a Capitalist System, I only wish that someone would try it.

I believe totally in a Capitalist System, I only wish that someone would try it.

The cure for capitalism's failing would require that a government would have to rise above...

The cure for capitalism's failing would require that a government would have to rise above...

All business proceeds on beliefs, or judgments of probabilities, and not on certainties.

All business proceeds on beliefs, or judgments of probabilities, and not on certainties.

Nothing is more destructive of respect for the government and the law of the land...

Nothing is more destructive of respect for the government and the law of the land...

Inflation is the crabgrass in your savings.

Inflation is the crabgrass in your savings.