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John Maynard Keynes Quotes: By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
         

By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.


John Maynard Keynes
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"John Maynard Keynes Quotes." Quoteslyfe.com, 2024. Wed. 06 Nov. 2024. <https://www.quoteslyfe.com/quote/By-this-means-fractional-reserve-banking-government-743903>.





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Other quotes of John Maynard Keynes


The difficulty lies, not in the new ideas, but in escaping from the old ones.

The difficulty lies, not in the new ideas, but in escaping from the old ones.



Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.



By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.



When the facts change, I change my mind.

When the facts change, I change my mind.



It is better to be roughly right than precisely wrong.

It is better to be roughly right than precisely wrong.



The biggest problem is not to let people accept new ideas, but to let them forget the old ones.

The biggest problem is not to let people accept new ideas, but to let them forget the old ones.



If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.



The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.



Long run is a misleading guide to current affairs. In the long run we are all dead.

Long run is a misleading guide to current affairs. In the long run we are all dead.



The boom, not the slump, is the right time for austerity at the Treasury.

The boom, not the slump, is the right time for austerity at the Treasury.





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Living a lie is painful, and doesn’t do anyone any good. I had to be true to myself, because, either way, God would know if I was lying.

Living a lie is painful, and doesn’t do anyone any good. I had to be true to myself, because, either way, God would know if I was lying.



All the forms of civil polity have been tried by mankind, except one, and that seems to have been reserved in Providence to be realized in America.

All the forms of civil polity have been tried by mankind, except one, and that seems to have been reserved in Providence to be realized in America.




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A good, all-loving god would not destroy his creations no matter how they act. He tells parents to love their children unconditionally. I say 'you first, God.'

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Quote Description


This page presents the quote "By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.". Author of this quote is John Maynard Keynes. This quote is about theft, men, may, government, one man, banking, people, mean, wealth,.