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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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
Behalf
Undeserving
Sanity
Soundness
Lacking
Expenditure
Aspect
Affluent
Works
Expenditures
Economic
Stimulation
Poor
Increased
Inevitably
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Authorship of any sort is a fantastic indulgence of the ego.
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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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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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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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Meetings are indispensable when you don't want to do anything.
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Speeches in our culture are the vacuum that fills a vacuum.
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All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
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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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Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.
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In economics, the majority is always wrong.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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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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I predict, not because I know, but because I'm asked.
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When people are least sure, they are often most dogmatic.
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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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