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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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
Love
Dollars
Majority
Anybody
Worth
Politics
Political
Contented
Part
Billion
Certain
Billions
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Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
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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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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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I think the role of the Federal Reserve is enormously exaggerated.
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Nothing is more portable than rich people and their money
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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.
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Power is not something that can be assumed or discarded at will like underwear.
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Genius is a rising stock market.
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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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The first goal of the technostructure is its own security.
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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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Men are, in fact, either sustained by organization or they sustain organization.
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I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.
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Speeches in our culture are the vacuum that fills a vacuum.
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I think without a doubt, that what is called financial genius is merely a rising market.
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Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
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We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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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
