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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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
Technique
Frustrates
Debate
Circumscribed
Democratic
Ruthlessly
Process
Frequent
House
Effectively
Unlimited
Senate
Discussion
More quotes by John Kenneth Galbraith
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.
John Kenneth Galbraith
One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.
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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.
John Kenneth Galbraith
When you see reference to a new paradigm you should always, under all circumstances, take cover.
John Kenneth Galbraith
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
The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
John Kenneth Galbraith
Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
John Kenneth Galbraith
It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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The enemy of the conventional wisdom is not ideas but the march of events.
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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.
John Kenneth Galbraith
The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
John Kenneth Galbraith
A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.
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A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.
John Kenneth Galbraith
A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.
John Kenneth Galbraith
The greater the wealth the thicker will be the dirt.
John Kenneth Galbraith
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
John Kenneth Galbraith
Nothing is so admirable in politics as a short memory.
John Kenneth Galbraith
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
I react to what is necessary. I would like to eschew any formula.
John Kenneth Galbraith
