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John Maynard Keynes Quotes: The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.
         

The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.


John Maynard Keynes
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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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There are no limitations to the mind except those that we acknowledge.

There are no limitations to the mind except those that we acknowledge.



I love deadlines. I like the whooshing sound they make as they fly by.

I love deadlines. I like the whooshing sound they make as they fly by.



I think drugs affect poor people and people of color more than anyone.

I think drugs affect poor people and people of color more than anyone.



Science is conservative and one of the reasons science is conservative is science is trying to play it safe.

Science is conservative and one of the reasons science is conservative is science is trying to play it safe.



If you believe that health care is a public good to be guaranteed by the state, then a single-payer system is the next best alternative. Unfortunately, it is fiscally unsustainable without rationing.

If you believe that health care is a public good to be guaranteed by the state, then a single-payer system is the next best alternative. Unfortunately, it is fiscally unsustainable without rationing.



A mystery novel localizes the awesome force of the real death outside the book, winds it tightly in a plot.

A mystery novel localizes the awesome force of the real death outside the book, winds it tightly in a plot.



Some people are amazed at my brain, but really it's nothing.

Some people are amazed at my brain, but really it's nothing.



I was in a beauty contest once. I not only came in last, I was hit in the mouth by Miss Congeniality.

I was in a beauty contest once. I not only came in last, I was hit in the mouth by Miss Congeniality.



I find the science behind major natural events almost more interesting than the way in which those same events wreak their effects on human society.

I find the science behind major natural events almost more interesting than the way in which those same events wreak their effects on human society.



Until you get a guidance from above you cannot be sure; but to get this guidance it requires time and sadhana.

Until you get a guidance from above you cannot be sure; but to get this guidance it requires time and sadhana.




Quote Description


This page presents the quote "The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.". Author of this quote is John Maynard Keynes. This quote is about position, old saying, bankers, mercy,.