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However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.
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
However
Number
Safe
Numbers
Millions
Speculators
Probably
Peak
Less
Active
Much
Million
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Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
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Nothing is so admirable in politics as a short memory.
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Inventions that are not made, like babies that are not born, are rarely missed.
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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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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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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've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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