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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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
High
Ensure
President
Sympathy
Political
Officials
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Government
Critics
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Celebrated
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Presidents
More quotes by John Kenneth Galbraith
If all else fails immortality can always be assured by adequate error.
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Anyone who says he won't resign four times, will.
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We all agree that pessimism is a mark of superior intellect.
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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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Nothing is more portable than rich people and their money
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Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.
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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
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Writing is a long and lonesome business back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
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The greater the wealth the thicker will be the dirt.
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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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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
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Very important functions can be performed very wastefully and often are.
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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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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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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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Agriculture is one economic activity that does not obey the laws of demand and supply.
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Conscience is better served by a myth.
John Kenneth Galbraith
