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At best, in such depression times, monetary policy is a feeble reed on which to lean.

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
Best
Reed
Reeds
Feeble
Monetary
Lean
Depression
Policy
Times

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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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Power is not something that can be assumed or discarded at will like underwear.
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Unemployment is rarely considered desirable except by those who have not experienced it.
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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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Nothing is more portable than rich people and their money
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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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.
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One man's consumption becomes his neighbor's wish.
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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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The first goal of the technostructure is its own security.
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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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All writers know that on some golden mornings they are touched by the wand they are on intimate terms with poetry and cosmic truth. I have experienced these moments myself. Their lesson is simple: It's a total illusion. And the danger in the illusion is that you will wait for those moments.
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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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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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War remains the decisive human failure.
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A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.
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The privileged have regularly invited their own destruction with their greed.
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Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.
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It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
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