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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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
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Market
Tolerably
May
Confidence
Muted
Hard
Asked
Recessions
Always
Months
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People
Expression
Persuade
Doubt
Expressions
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Times
Voices
Dispiriting
More quotes by John Kenneth Galbraith
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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.
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All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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If all else fails immortality can always be assured by adequate error.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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There are days when the result is so bad that no fewer than five revisions are required. In contrast, when I'm greatly inspired, only four revisions are needed.
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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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Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.
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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
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Authorship of any sort is a fantastic indulgence of the ego.
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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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The line dividing the state from what is called private enterprise, orat least fromthehighlyorganized part of it, is a traditional fiction.
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Men are, in fact, either sustained by organization or they sustain organization.
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A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.
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