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Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
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
Every
Reserves
Federal
Investing
Believed
Discriminating
Aspect
Approached
Taught
Reserve
Almost
Disregard
History
Commonly
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Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.
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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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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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A good rule of conversation is never answer a foolish question.
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Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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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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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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More die in the United States of too much food than of too little.
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Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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We shall have a race of men who are strong on telemetry and space communications but who cannot read anything but a blueprint or write anything but a computer program.
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If all else fails immortality can always be assured by adequate error.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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