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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
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
Politician
University Teacher
John K. Galbraith
Even
Happily
Life
Affliction
Contentedly
Acceptance
Comfort
Afflict
Comfortable
Verily
Especially
Afflicted
Wrong
Comfortably
Also
Complacency
More quotes by John Kenneth Galbraith
Economics exists to make astrology look respectable.
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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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Power is as power does.
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I think without a doubt, that what is called financial genius is merely a rising market.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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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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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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We all agree that pessimism is a mark of superior intellect.
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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Genius is a rising stock market.
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Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.
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I do the best with what exists.
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Nothing is so admirable in politics as a short memory.
John Kenneth Galbraith
