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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
Needed
State
Ensured
Use
Increased
Money
Supply
States
Improve
Would
Available
Trade
Policy
More quotes by John Kenneth Galbraith
No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
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Talk of revolution is one of avoiding reality.
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The foresight of financial experts was, as so often, a poor guide to the future.
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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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According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
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If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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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 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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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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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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Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
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Nothing is so admirable in politics as a short memory.
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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
John Kenneth Galbraith
