It is a mistake to think that one limits oneβs risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
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- By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. β¨ John Maynard Keynes (2016). The Economic Consequences of β¦ βΆ
- Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught β¨ John Maynard β¦ βΆ
- Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the β¦ βΆ
- [T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and di β¦ βΆ
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