John Maynard Keynes Quotes
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
Keynes, John Maynard. "Economic Possibilities for our Grandchildren." Essays in Persuasion, Macmillan, 1931, p. 372.
Ironically, Boesky was convicted the following year of insider dealing on the New York Stock Exchange and sentenced to three years in prison.
In 1811 Calhoun was a freshman congressman. Congress was considering raising 10,000 men to resist the encroachments of Great Britain. The large cost of the enterprise was preventing the measure from passing. Calhoun objected to considering the cost factor at all:
The president was himself an evangelical Christian and he had gone out of his way to issue executive orders authorizing payments to be made for church operated social service activities where proselytizing was permitted. Many Americans thought bush had jumped over the wall separating church and state and yet some of the evangelical Christians kept insisting on more and more money.
See {625339} and {622808} for similar conservative views.
John Maynard Keynes, 1st Baron Keynes, CB, FBA (5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics.