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Only in very recent times has the average man been a source of savings.

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
Savings
Recent
Saving
Average
Source
Times
Men

More quotes by John Kenneth Galbraith

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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
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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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The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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No nice philosophical point has ever been so decisively resolved as this: that those who are not conceived do not miss the pleasure of consuming the goods they do not get born to enjoy.
John Kenneth Galbraith
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Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
John Kenneth Galbraith
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We all agree that pessimism is a mark of superior intellect.
John Kenneth Galbraith
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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.
John Kenneth Galbraith
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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.
John Kenneth Galbraith
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The more underdeveloped the country, the more overdeveloped the women.
John Kenneth Galbraith
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Unemployment is rarely considered desirable except by those who have not experienced it.
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In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
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I think the role of the Federal Reserve is enormously exaggerated.
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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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No ethic is as ethical as the work ethic.
John Kenneth Galbraith
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In the affluent society, no useful distinction can be made between luxuries and necessities.
John Kenneth Galbraith
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The greater the wealth the thicker will be the dirt.
John Kenneth Galbraith
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Anyone who says he won't resign four times, will.
John Kenneth Galbraith
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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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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
John Kenneth Galbraith
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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.
John Kenneth Galbraith