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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.
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
Thinking
However
Persuaded
People
Anything
Trap
Find
Traps
Come
Indispensable
Right
Disagree
Great
Agreement
Trying
Meetings
Think
Soon
More quotes by John Kenneth Galbraith
Conscience is better served by a myth.
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There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but dull pain. Alcohol is important mostly for making people more or less drunk ... There being so little to be said, much is to be invented.
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.
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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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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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It takes some skill to spoil a breakfast - even the English can't do it.
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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
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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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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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Nothing so weakens government as persistent inflation.
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In economics, the majority is always wrong.
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If all else fails immortality can always be assured by adequate error.
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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.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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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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Genius is a rising stock market.
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