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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
The foresight of financial experts was, as so often, a poor guide to the future.
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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
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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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The spirit should never grow old.
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
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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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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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To add to the technostructure is to increase its power in the enterprise.
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I predict, not because I know, but because I'm asked.
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The privileged have regularly invited their own destruction with their greed.
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It takes some skill to spoil a breakfast - even the English can't do it.
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Because of his compassion Owen was always in trouble with his partners. They would have much preferred a tough, down-to-earth manager who would get a days work out of the little bastards.
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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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War remains the decisive human failure.
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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Authorship of any sort is a fantastic indulgence of the ego.
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Talk of revolution is one of avoiding reality.
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Nothing is so admirable in politics as a short memory.
John Kenneth Galbraith
