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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
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
Great
Insubstantial
Something
Stocks
Speculation
Superficial
Depression
Awful
Common
Anything
Attributing
More quotes by John Kenneth Galbraith
Private enterprise did not get us atomic energy.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Why is anything intrinsically so valueless so obviously desirable?
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Decision has greater virtue and force if taken after there has been eloquent dissent.
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If you're rich you can buy books. If you're poor, you need a library.
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I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.
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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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If all else fails immortality can always be assured by adequate error.
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Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
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Economics exists to make astrology look respectable.
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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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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Nothing so denies a person liberty as the total absence of money.
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Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
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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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It takes some skill to spoil a breakfast - even the English can't do it.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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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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When people are least sure, they are often most dogmatic.
John Kenneth Galbraith
