The General Theory of Employment, Interest and Money AND Essays In Persuasion Quotes

“The game of professional investment is intolerably boring and overexacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll”
― John Maynard Keynes, The General Theory of Employment, Interest and Money AND Essays In Persuasion

“Like the monetarist Milton Friedman, Keynes looked to price stability as a way to shore up classical economic thinking. For the most part, he believed, laissez-faire economics worked. Supply and demand did bring society to a prosperous equilibrium. They just needed a few pieces of basic economic architecture to work: property rights, the rule of law, and price stability. But unlike Friedman, Keynes had arrived at monetarism as a creative way to expand the power of the state to fight the uncertainties and anxieties of postwar life.”
― John Maynard Keynes, The General Theory of Employment, Interest and Money AND Essays In Persuasion