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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
Works
Expenditures
Economic
Stimulation
Poor
Increased
Inevitably
Behalf
Undeserving
Sanity
Soundness
Lacking
Expenditure
Aspect
Affluent
More quotes by John Kenneth Galbraith
A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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Economics is not an exact science.
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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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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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More die in the United States of too much food than of too little.
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Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
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Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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Speeches in our culture are the vacuum that fills a vacuum.
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The enemy of the conventional wisdom is not ideas but the march of events.
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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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These are the days when men of all social disciplines and all political faiths seek the comfortable and the accepted when the man of controversy is looked upon as a disturbing influence when originality is taken to be a mark of instability and when, in minor modification of the original parable, the bland lead the bland.
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We all agree that pessimism is a mark of superior intellect.
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It takes some skill to spoil a breakfast - even the English can't do it.
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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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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
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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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Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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