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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
Depression
Awful
Common
Anything
Attributing
Great
Insubstantial
Something
Stocks
Speculation
Superficial

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Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.
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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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I've long believed alas, that in highly organized industrial societies, capitalist or socialist, the stronger tendency is to converge - that if steel or automobiles are wanted and must be made on a large scale, the process will stamp its imprint on the society, whether that me be Magnitogorsk or Gary, Indiana.
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Nothing so denies a person liberty as the total absence of money.
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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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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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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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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.
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Nothing so weakens government as persistent inflation.
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