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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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
Majority
Economy
Seeing
Wonderful
Politics
Wrong
Truth
Assailed
Something
Headed
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Men are, in fact, either sustained by organization or they sustain organization.
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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The foresight of financial experts was, as so often, a poor guide to the future.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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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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I react to what is necessary. I would like to eschew any formula.
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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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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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Why is anything intrinsically so valueless so obviously desirable?
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I think without a doubt, that what is called financial genius is merely a rising market.
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Economics exists to make astrology look respectable.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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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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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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Only in very recent times has the average man been a source of savings.
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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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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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