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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.
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
Position
Accordance
Democracy
Antidote
Quality
Positions
American
Regardless
Important
Length
Service
Congress
Allotted
Authority
Eminence
More quotes by John Kenneth Galbraith
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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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
John Kenneth Galbraith
More die in the United States of too much food than of too little.
John Kenneth Galbraith
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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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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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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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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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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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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Nothing is so admirable in politics as a short memory.
John Kenneth Galbraith
Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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Men are, in fact, either sustained by organization or they sustain organization.
John Kenneth Galbraith
One man's consumption becomes his neighbor's wish.
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The more underdeveloped the country, the more overdeveloped the women.
John Kenneth Galbraith
Originality is something that is easily exaggerated, especially by authors contemplating their own work.
John Kenneth Galbraith
