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.... Lenin was certainly right.
More Quotes from John Maynard, Baron Keynes of Tilton:
The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.John Maynard, Baron Keynes of Tilton
The engine which drives Enterprise is not Thrift, but Profit.
John Maynard, Baron Keynes of Tilton
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.
John Maynard, Baron Keynes of Tilton
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 propensities which one hands over with a shudder to the specialists in mental disease.
John Maynard, Baron Keynes of Tilton
It is better to be roughly right than precisely wrong.
John Maynard, Baron Keynes of Tilton
Marxian Socialism must always remain a portent to the historians of opinion how a doctrine so illogical and so dull can have exercised so powerful and enduring an influence over the minds of men, and, through them, the events of history.
John Maynard, Baron Keynes of Tilton
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Based on Topics: Money & Wealth QuotesBased on Keywords: confiscate, debauch, lenin, unobserved
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