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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
House
Effectively
Unlimited
Senate
Discussion
Technique
Frustrates
Debate
Circumscribed
Democratic
Ruthlessly
Process
Frequent
More quotes by John Kenneth Galbraith
More die in the United States of too much food than of too little.
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War remains the decisive human failure.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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Complexity and obscurity have professional value - they are the academic equivalents of apprenticeship rules in the building trades. They exclude the outsiders, keep down the competition, preserve the image of a privileged or priestly class. The man who makes things clear is a scab. He is criticized less for his clarity than for his treachery.
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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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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 all else fails immortality can always be assured by adequate error.
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It takes some skill to spoil a breakfast - even the English can't do it.
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There are times in politics when you must be on the right side and lose.
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Of all classes the rich are the most noticed and the least studied.
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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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I think the role of the Federal Reserve is enormously exaggerated.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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In economics it is a far, far wiser thing to be right than to be consistent
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Nothing so denies a person liberty as the total absence of money.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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