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John Kenneth Galbraith Quotes

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Milton Friedman’s misfortune is that his economic policies have been tried  (John Kenneth Galbraith Quotes) The problem of the modern economy is not a failure of a knowledge of economics; it’s a failure of a knowledge of history.  (John Kenneth Galbraith Quotes) The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.  (John Kenneth Galbraith Quotes) It takes some skill to spoil a breakfast - even the English can’t do it  (John Kenneth Galbraith Quotes) Nothing in modern attitudes is believed more to signify exceptional intelligence than association with large pools of money. Only immediate experience with those so situated denies the myth.  (John Kenneth Galbraith Quotes) In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.  (John Kenneth Galbraith Quotes) Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.  (John Kenneth Galbraith Quotes) I think without a doubt, that what is called financial genius is merely a rising market  (John Kenneth Galbraith Quotes) Foreign policy is conducted for the convenience and enjoyment of people in Washington  (John Kenneth Galbraith Quotes) [Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.  (John Kenneth Galbraith Quotes) There was the Missile Crisis, but one can’t attribute to the [J.F.] Kennedy years anything like the problems that [Franklin] Roosevelt stood over and surmounted.  (John Kenneth Galbraith Quotes) I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.  (John Kenneth Galbraith Quotes) A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.  (John Kenneth Galbraith Quotes) The only function of economic forecasting is to make astrology look respectable  (John Kenneth Galbraith Quotes) Meetings are indispensable when you don't want to do anything  (John Kenneth Galbraith Quotes) The conventional view serves to protect us from the painful job of thinking  (John Kenneth Galbraith Quotes) More die in the United States of too much food than of too little  (John Kenneth Galbraith Quotes) Economics is extremely useful as a form of employment for economists  (John Kenneth Galbraith Quotes) Nothing is so admirable in politics as a short memory  (John Kenneth Galbraith Quotes) In the United States, though power corrupts, the expectation of power paralyzes  (John Kenneth Galbraith Quotes) Politics is the art of choosing between the disastrous and the unpalatable  (John Kenneth Galbraith Quotes) Power is not something that can be assumed or discarded at will like underwear  (John Kenneth Galbraith Quotes) The enemy of the conventional wisdom is not ideas but the march of events  (John Kenneth Galbraith Quotes) The process by which banks create money is so simple that the mind is repelled  (John Kenneth Galbraith Quotes) There are times in politics when you must be on the right side and lose  (John Kenneth Galbraith Quotes) A person buying ordinary products in a supermarket is in touch with his deepest emotions  (John Kenneth Galbraith Quotes) All successful revolutions are the kicking in of a rotten door  (John Kenneth Galbraith Quotes) If all else fails, immortality can always be assured by spectacular error  (John Kenneth Galbraith Quotes) In economics, the majority is always wrong  (John Kenneth Galbraith Quotes) Modesty is a vastly overrated virtue  (John Kenneth Galbraith Quotes)
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