I sympathize, therefore, with those who would minimise, rather than with those who would maximise, economic entanglement between nations. Ideas, know… - John Maynard Keynes

I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement among nations. Ideas, knowledge, science, hospitality, travel — these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily national.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done

A valuation, which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which really do not make much difference . . . since there will be no strong roots of conviction to hold it steady.

Markets can remain irrational longer than you can remain solvent.