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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.
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
Privilege
Shares
General
Descendants
Return
Grandparent
Thousand
Motor
Equaled
Share
Grant
Feudal
Ever
Grants
Motors
Electric
Endowed
Bought
Effortless
More quotes by John Kenneth Galbraith
Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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The happiest time of anyone's life is just after the first divorce.
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[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.
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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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Power is not something that can be assumed or discarded at will like underwear.
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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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Of all classes the rich are the most noticed and the least studied.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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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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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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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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Economists are generally negligent of their heroes.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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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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If all else fails immortality can always be assured by adequate error.
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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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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
