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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
Little
Listen
Enough
Silence
Celebrated
Politics
Presidents
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Ensure
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More quotes by John Kenneth Galbraith
It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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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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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
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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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In economics it is a far, far wiser thing to be right than to be consistent
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War remains the decisive human failure.
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Economics is not an exact science.
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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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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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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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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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Inventions that are not made, like babies that are not born, are rarely missed.
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The spirit should never grow old.
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Only in very recent times has the average man been a source of savings.
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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
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There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but dull pain. Alcohol is important mostly for making people more or less drunk ... There being so little to be said, much is to be invented.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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