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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
Would
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Trade
Policy
Needed
State
Ensured
Use
Increased
Money
Supply
States
Improve
More quotes by John Kenneth Galbraith
All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
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The foresight of financial experts was, as so often, a poor guide to the future.
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War remains the decisive human failure.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
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A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.
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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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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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The spirit should never grow old.
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The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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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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Speeches in our culture are the vacuum that fills a vacuum.
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The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.
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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 accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.
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There are times in politics when you must be on the right side and lose.
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If all else fails immortality can always be assured by adequate error.
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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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Authorship of any sort is a fantastic indulgence of the ego.
John Kenneth Galbraith
