Author: John Maynard Keynes
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The markets are moved by animal spirits, and not by reason.
If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
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.
When the facts change, I change my mind.
Markets can remain irrational longer than you can remain solvent.
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