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The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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
Invention
Unstable
Often
Wheel
Business
Slightly
World
Finance
Version
Wheels
Versions
Hails
Investing
Hail
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Genius is a rising stock market.
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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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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
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If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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