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Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
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
Exchange
Stock
Sell
Sells
Buyer
None
Impenetrable
Mystery
Buyers
Everyone
Mysteries
Seeks
More quotes by John Kenneth Galbraith
Why is anything intrinsically so valueless so obviously desirable?
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
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In recent times no problem has been more puzzling to thoughtful people than why, in a troubled world, we make such poor use of our affluence.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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Nothing is so admirable in politics as a short memory.
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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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Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.
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One man's consumption becomes his neighbor's wish.
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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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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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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
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A good rule of conversation is never answer a foolish question.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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The only function of economic forecasting is to make astrology look respectable.
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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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I react to what is necessary. I would like to eschew any formula.
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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
John Kenneth Galbraith
