Long run is a misleading guide to current affairs. In the long run we …

John Maynard Keynes
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Long run is a misleading guide to current affairs. In the long run we are all dead. ✨ A Tract on Monetary Reform ch. 3 (1923)
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When the facts change, I change my mind. ✨ The Keynes Centenary. The Economist (Vol. 287, p. 19), 1983.
I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.
There is no harm in being sometimes wrong - especially if one is promptly found out. ✨ John Maynard Keynes, Royal Economic Society (Great Britain) (1971). The Collected Writings of John Maynard Keyne … ▶
Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a c … ▶
Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urg … ▶

Long run is a misleading guide to current affairs. In the long run we are all dead. ✨ A Tract on Monetary Reform ch. 3 (1923)

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