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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.

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
Fortunate
Develop
Fortune
Poverty
Poor
Common
Tendency
Good
Ignore
Tendencies

More quotes by John Kenneth Galbraith

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There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.
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Unemployment is rarely considered desirable except by those who have not experienced it.
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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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Nothing so denies a person liberty as the total absence of money.
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Only in very recent times has the average man been a source of savings.
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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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I predict, not because I know, but because I'm asked.
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Of all classes the rich are the most noticed and the least studied.
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Economics is not an exact science.
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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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I think without a doubt, that what is called financial genius is merely a rising market.
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There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
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The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.
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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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Agriculture is one economic activity that does not obey the laws of demand and supply.
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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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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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Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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