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We have suffered one of the worst pieces of trickery in history. Honourable international policy has suffered a terrific reverse by the unscrupulous … - John Maynard Keynes
" "We have suffered one of the worst pieces of trickery in history. Honourable international policy has suffered a terrific reverse by the unscrupulous intrigues, quite unsupported by public opinion, of our own pro-Nazis. ... It is not certain that the present settlement may not be a good thing in the long run. Viewed quite drily, there is a great deal to be said for it. Hitler's next move is not very obvious or easy. ... The settlement itself cannot be rightly denounced as indefensible and monstrous. What is certain is something rather different – namely that the sympathies and methods which have brought it about cannot be safely allowed to continue in charge.
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About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
Biography information from Wikiquote
Also Known As
Alternative Names:
Lord Keynes
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Baron Keynes of Tilton
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John Maynard Keynes, 1st Baron Keynes
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Keynes
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Additional quotes by John Maynard Keynes
The best way to cure this mortal disease of individualism must be to provide that there shall never exist any confident expectation either that prices generally are going to fall or that they are going to rise; and also that there shall be no serious risk that a movement, if it does occur, will be a big one. If, unexpectedly and accidentally, a moderate movement were to occur, wealth, though it might be redistributed, would not be diminished thereby.
In order to calculate the size of the cake which will be left for civilian consumption, we have to estimate (1) the maximum current output that we are capable of organising from our resources of men and plant and materials, (2) how fast we can safely draw on our foreign reserves by importing more than we export, (3) how much of all this will be used up by our war effort.
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.
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