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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
Persistent
Inflation
Economics
Government
Nothing
Weakens
More quotes by John Kenneth Galbraith
Unemployment is rarely considered desirable except by those who have not experienced it.
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Very important functions can be performed very wastefully and often are.
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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The privileged have regularly invited their own destruction with their greed.
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In economics it is a far, far wiser thing to be right than to be consistent
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The spirit should never grow old.
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I think without a doubt, that what is called financial genius is merely a rising market.
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One man's consumption becomes his neighbor's wish.
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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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One of my greatest pleasures in my writing has come from the thought that perhaps my work might annoy someone of comfortably pretentious position. Then comes the realization that such people rarely read.
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Economics exists to make astrology look respectable.
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Economists are generally negligent of their heroes.
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When people are least sure, they are often most dogmatic.
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Nothing is more portable than rich people and their money
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Anyone who says he won't resign four times, will.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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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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