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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
Sell
Sells
Buyer
None
Impenetrable
Mystery
Buyers
Everyone
Mysteries
Seeks
Exchange
Stock
More quotes by John Kenneth Galbraith
But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.
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Power is as power does.
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Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
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Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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No ethic is as ethical as the work ethic.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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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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The enemy of the conventional wisdom is not ideas but the march of events.
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In economics, the majority is always wrong.
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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.
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The foresight of financial experts was, as so often, a poor guide to the future.
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Very important functions can be performed very wastefully and often are.
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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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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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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
John Kenneth Galbraith
