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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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
General
Dynamics
American
Refer
Business
Amusement
Back
Aviation
Look
Caused
Looks
North
Men
Economics
People
Private
Pretence
More quotes by John Kenneth Galbraith
Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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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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In economics, the majority is always wrong.
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It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated.
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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Who is king in the world of the blind when there isn't even a one eyed man?
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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Private enterprise did not get us atomic energy.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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Meetings are indispensable when you don't want to do anything.
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I think the role of the Federal Reserve is enormously exaggerated.
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No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
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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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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.
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In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
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To add to the technostructure is to increase its power in the enterprise.
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American university presidents are a nervous breed I have never thought well of them as a class.
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The spirit should never grow old.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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The foresight of financial experts was, as so often, a poor guide to the future.
John Kenneth Galbraith
