John Maynard
John Maynard
mistake thinking risk
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.
president odysseus wiser
Like Odysseus, the President looked wiser when he was seated.
provision made shows
Experience shows that what happens is always the thing against which one has not made provision in advance.
running taxation may
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.
years criticism doctrine
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
government views might
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.
pounds bankers mercy
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.
bankers mercy old-saying
The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.
animal spirit reason
The markets are moved by animal spirits, and not by reason.
believe thinking long
It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
believe book writing
I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
progress foolish possibility
It would not be foolish to contemplate the possibility of a far greater progress still.
gratitude grateful needs
The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy.
country peace morning
The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth -- he could at the same time and by the same means adventure his wealth in the natural resources and new enterprise of any quarter of the world -- he could secure forthwith, if he wished, cheap and comfortable means of transit to any country or climate without passport or other formality.