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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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
Decision
Forever
Wrong
Always
Retrieved
Never
Reversed
Delayed
Losses
Loss
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There are times in politics when you must be on the right side and lose.
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Speeches in our culture are the vacuum that fills a vacuum.
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Authorship of any sort is a fantastic indulgence of the ego.
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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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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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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Very important functions can be performed very wastefully and often are.
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
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No nice philosophical point has ever been so decisively resolved as this: that those who are not conceived do not miss the pleasure of consuming the goods they do not get born to enjoy.
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Talk of revolution is one of avoiding reality.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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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 experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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Pundits forecast not because they know, but because they are asked.
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Conscience is better served by a myth.
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