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A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.
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
Believe
Financial
Way
Memory
Weakness
Pathological
Memories
Repeated
Modern
Phenomenon
Point
Allows
Experience
Investing
Must
Debt
More quotes by John Kenneth Galbraith
For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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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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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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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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Only in very recent times has the average man been a source of savings.
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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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To add to the technostructure is to increase its power in the enterprise.
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In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was with the Press, labouring for the publick Good, to make Money more plentiful. The press was busy printing money.
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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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No ethic is as ethical as the work ethic.
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More die in the United States of too much food than of too little.
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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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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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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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Anyone who says he won't resign four times, will.
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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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Conscience is better served by a myth.
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Authorship of any sort is a fantastic indulgence of the ego.
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Very important functions can be performed very wastefully and often are.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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