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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
Inflation
Economics
Government
Nothing
Weakens
Persistent

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The greater the wealth the thicker will be the dirt.
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Conscience is better served by a myth.
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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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Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
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Private enterprise did not get us atomic energy.
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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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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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I think without a doubt, that what is called financial genius is merely a rising market.
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All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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No ethic is as ethical as the work ethic.
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Economists are generally negligent of their heroes.
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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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More die in the United States of too much food than of too little.
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Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.
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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 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was with the Press, labouring for the publick Good, to make Money more plentiful. The press was busy printing money.
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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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