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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.
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
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John K. Galbraith
Public
Unfair
Senility
United
Rewards
Fetish
Making
Administration
Uniquely
States
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Long
National
Legislature
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More quotes by John Kenneth Galbraith
Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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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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No ethic is as ethical as the work ethic.
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Decision has greater virtue and force if taken after there has been eloquent dissent.
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Men are, in fact, either sustained by organization or they sustain organization.
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Nothing so weakens government as persistent inflation.
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Writing is a long and lonesome business back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
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Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.
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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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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
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War remains the decisive human failure.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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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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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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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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Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
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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.
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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