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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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John K. Galbraith
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Leaders
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Unequivocally
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More quotes by John Kenneth Galbraith
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.
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The only function of economic forecasting is to make astrology look respectable.
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It takes some skill to spoil a breakfast - even the English can't do it.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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Economics is not an exact science.
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Meetings are indispensable when you don't want to do anything.
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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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I think the role of the Federal Reserve is enormously exaggerated.
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Authorship of any sort is a fantastic indulgence of the ego.
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The privileged have regularly invited their own destruction with their greed.
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A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.
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Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
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The greater the wealth the thicker will be the dirt.
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The happiest time of anyone's life is just after the first divorce.
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The enemy of the conventional wisdom is not ideas but the march of events.
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There are times in politics when you must be on the right side and lose.
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