The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes Quotes
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| Birth: | 5th June, 1883 |
| Death: | 21st April, 1946 |
| Nationality: | British |
| Profession: | Economist |
About
John Maynard Keynes was born in Cambridge, Cambridgeshire, England. He was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He was the founder of modern macroeconomics theory. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots. In 1897, he won a scholarship to Eton College. He earned a BA degree in Mathematics from King's College, Cambridge University in 1904. By 1909 he had published his first professional economics article in the Economics Journal, about the effect of a recent global economic downturn on India. On being elected a fellow in 1911 he was made editor of The Economic Journal. He wrote several books include: Indian Currency and Finance, The Economic Consequences of the Peace, A Treatise on Probability, A Revision of the Treaty, A Treatise on Money, Essays in Persuasion, The General Theory of Employment, Interest and Money, and How to Pay for the War.
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