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Nothing so weakens government as persistent inflation.

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
Nothing
Weakens
Persistent
Inflation
Economics
Government

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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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Power is as power does.
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A good rule of conversation is never answer a foolish question.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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I react to what is necessary. I would like to eschew any formula.
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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Power is not something that can be assumed or discarded at will like underwear.
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The line dividing the state from what is called private enterprise, orat least fromthehighlyorganized part of it, is a traditional fiction.
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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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I think the role of the Federal Reserve is enormously exaggerated.
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