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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.
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
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More quotes by John Kenneth Galbraith
In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
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There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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When people are least sure, they are often most dogmatic.
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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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Nothing is more portable than rich people and their money
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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Faced with having to change our views or prove that there is no need to do so, most of us immediately get busy on the proof.
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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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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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Authorship of any sort is a fantastic indulgence of the ego.
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Inventions that are not made, like babies that are not born, are rarely missed.
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The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.
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I predict, not because I know, but because I'm asked.
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The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
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Of all classes the rich are the most noticed and the least studied.
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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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If all else fails immortality can always be assured by adequate error.
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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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Economics exists to make astrology look respectable.
John Kenneth Galbraith
