By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
- John Maynard Keynes - Topics: Tax, Inflation, Government, Fiat Currency.
The long run is a misleading guide to current affairs. In the long run we are all dead.
- John Maynard Keynes - Topics: Default, Debt, Government.
The old saying holds. Owe your banker $1,000 and you are at his mercy; owe him $1 million and the position is reversed.
- John Maynard Keynes - Topics: Debt, Banking System.
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.
- John Maynard Keynes - Topics: Government, Inflation.
When the facts change, I change my mind. What do you do, sir?
- John Maynard Keynes - Topics: Forecasting.
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