John Maynard Keynes

Buy my book: The General Theory of Employment, Interest and Money

[John Maynard Keynes @JOMAYNARDKEYNES]

@econoAdamSmith Scientists change their conclusions all the time. The world isn’t flat. We revolve around the sun.

[John Maynard Keynes @JOMAYNARDKEYNES]

@econoAdamSmith It is a testament to my ultimate success. Everyone will turn to my ideas eventually because nothing else is solvent.

[John Maynard Keynes @JOMAYNARDKEYNES]

When the facts change I alter my conclusions.

[John Maynard Keynes @JOMAYNARDKEYNES]

Everyone is a Keynesian in a foxhole. Even my opponents believe that.

[John Maynard Keynes @JOMAYNARDKEYNES]

My policies led to record low levels of unemployment and record high levels of economic growth.

[John Maynard Keynes @JOMAYNARDKEYNES]

Now far less people are living in absolute poverty.

[John Maynard Keynes @JOMAYNARDKEYNES]

That’s right. I prooosed the World Bank and the International Monetary Fund.

[John Maynard Keynes @JOMAYNARDKEYNES]

We should have used the bancour as international currency. I’m just saying....

[John Maynard Keynes @JOMAYNARDKEYNES]

A global system of economic organization IS possible.

[John Maynard Keynes @JOMAYNARDKEYNES]

Yes. I did become a Baron in the county of Sussex for my work during World War Two.

[John Maynard Keynes @JOMAYNARDKEYNES]

Remember the multiplier effect before you come after my thoughts in favor of government spending

[John Maynard Keynes @JOMAYNARDKEYNES]

Reigning in spending when an economy is in decline MAKES THE PROBLEM WORSE

[John Maynard Keynes @JOMAYNARDKEYNES]

Governments are not households. While saving money may be good for households in times of shortage, it is catastrophic for governments to do the same.

[John Maynard Keynes @JOMAYNARDKEYNES]

Doing this creates work for people and leaves a useful industry for private enterprise.

[John Maynard Keynes @JOMAYNARDKEYNES]

It’s the job of the state to create demand by running a budget deficit when demand is irreparably low.

[John Maynard Keynes @JOMAYNARDKEYNES]

That’s why I say that governments need regulation. Men do not work for the good of others. They work for themselves and will harm others if doing so benefits them. #DownWithCapitalism https://t.co/Jk5V83P9Me

[Adam Smith @econoAdamSmith]

Every individual neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain. @RealDonad_Trump ??

[John Maynard Keynes @JOMAYNARDKEYNES]

We can’t tell people to accept suffering in the short and medium run just because we think things will improve in the long run. I repeat: IN THE LONG RUN WE ARE ALL DEAD. These methods simply take to long.

[John Maynard Keynes @JOMAYNARDKEYNES]

The real problem of unemployment lies in a lack of demand.

[John Maynard Keynes @JOMAYNARDKEYNES]

Rethinking the causes of unemployment could produce new solutions to this problem.

[John Maynard Keynes @JOMAYNARDKEYNES]

Yes. I was an integral part of the Bloomsbury group. Yes. Virginia Wolf was one of my best friends.