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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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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
Trade
Policy
Needed
State
Ensured
Use
Increased
Money
Supply
States
Improve
Would
Available
More quotes by John Kenneth Galbraith
The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
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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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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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We shall have a race of men who are strong on telemetry and space communications but who cannot read anything but a blueprint or write anything but a computer program.
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In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.
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There are days when the result is so bad that no fewer than five revisions are required. In contrast, when I'm greatly inspired, only four revisions are needed.
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One of my greatest pleasures in my writing has come from the thought that perhaps my work might annoy someone of comfortably pretentious position. Then comes the realization that such people rarely read.
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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 inborn instability of capitalism has been part of the history of the system for several hundred years.
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The happiest time of anyone's life is just after the first divorce.
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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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Anyone who says he won't resign four times, will.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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Very important functions can be performed very wastefully and often are.
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