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One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.
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
Great
Tragedy
Time
Full
Lost
Action
Idiocy
Money
Varied
Human
Relish
Humans
Panic
Nothing
Depression
More quotes by John Kenneth Galbraith
It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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I predict, not because I know, but because I'm asked.
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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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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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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.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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The greater the wealth the thicker will be the dirt.
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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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I do the best with what exists.
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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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If you're rich you can buy books. If you're poor, you need a library.
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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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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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There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.
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