certain that the present settlement may not be a good thing in the long run. Viewed quite drily, there is a great deal to be said for it. Hitler's next move is not very obvious or easy. ... The settlement itself cannot be rightly denounced as indefensible and monstrous. What is certain is something rather different – namely that the sympathies and methods which have brought it about cannot be safely allowed to continue in charge." - Meaning and context.">
Letter to Kingsley Martin on the Munich Agreement (1 October 1938), quoted in Kingsley Martin, Editor: A Second Volume of Autobiography, 1931–45 (1968), pp. 271-272

We have suffered one of the worst pieces of trickery in history. Honourable international policy has suffered a terrific reverse by the unscrupulous intrigues, quite unsupported by public opinion, of our own pro-Nazis. ... It is not certain that the present settlement may not be a good thing in the long run. Viewed quite drily, there is a great deal to be said for it. Hitler's next move is not very obvious or easy. ... The settlement itself cannot be rightly denounced as indefensible and monstrous. What is certain is something rather different – namely that the sympathies and methods which have brought it about cannot be safely allowed to continue in charge.

— John Maynard Keynes

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "We have suffered one of the worst pieces of trickery in history. Honourable international policy has suffered a terrific reverse by the unscrupulous intrigues, quite unsupported by public opinion, of our own pro-Nazis. ... It is not certain that the present settlement may not be a good thing in the long run. Viewed quite drily, there is a great deal to be said for it. Hitler's next move is not very obvious or easy. ... The settlement itself cannot be rightly denounced as indefensible and monstrous. What is certain is something rather different – namely that the sympathies and methods which have brought it about cannot be safely allowed to continue in charge." in the context of "Letter to Kingsley Martin on the Munich Agreement (1 October 1938), quoted in Kingsley Martin, Editor: A Second Volume of Autobiography, 1931–45 (1968), pp. 271-272" to mean that wisdom is timeless.

Source: Wikiquote: "John Maynard Keynes" (Quotes, 1930s) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
John Maynard Keynes

About John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.