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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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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.
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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
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Nothing so denies a person liberty as the total absence of money.
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Faced with having to change our views or prove that there is no need to do so, most of us immediately get busy on the proof.
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Talk of revolution is one of avoiding reality.
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Only men of considerable vanity write books consistently therewith, I worried lest the world were exchanging an irreplaceable author for a more easily purchased diplomat.
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The privileged have regularly invited their own destruction with their greed.
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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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There are times in politics when you must be on the right side and lose.
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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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