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All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
John Kenneth Galbraith
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John Kenneth Galbraith
Age: 97 †
Born: 1908
Born: October 15
Died: 2006
Died: April 29
Diplomat
Economist
Non-Fiction Writer
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University Teacher
John K. Galbraith
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Willingness
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Unequivocally
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Confront
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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Talk of revolution is one of avoiding reality.
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No nice philosophical point has ever been so decisively resolved as this: that those who are not conceived do not miss the pleasure of consuming the goods they do not get born to enjoy.
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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In economics it is a far, far wiser thing to be right than to be consistent
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When people are least sure, they are often most dogmatic.
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
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There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
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There are times in politics when you must be on the right side and lose.
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No ethic is as ethical as the work ethic.
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There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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