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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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
Horse
Enough
Oats
Trickle
Sparrows
Referring
Feed
Economics
Pass
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Talk of revolution is one of avoiding reality.
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Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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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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Unemployment is rarely considered desirable except by those who have not experienced it.
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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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When people are least sure, they are often most dogmatic.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
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Power is not something that can be assumed or discarded at will like underwear.
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The spirit should never grow old.
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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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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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These are the days when men of all social disciplines and all political faiths seek the comfortable and the accepted when the man of controversy is looked upon as a disturbing influence when originality is taken to be a mark of instability and when, in minor modification of the original parable, the bland lead the bland.
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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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In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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