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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.

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
Free
Economics
Truth
Market
Interrupted
Part
Months
January
Book
Deals
Published
Writing
Already
Fraud
Way
Called
Progressive
Things
Lasts
Cover
Last
Innocent

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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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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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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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If you're rich you can buy books. If you're poor, you need a library.
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Why is anything intrinsically so valueless so obviously desirable?
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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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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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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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People who are in a fortunate position always attribute virtue to what makes them so happy.
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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It takes some skill to spoil a breakfast - even the English can't do it.
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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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Private enterprise did not get us atomic energy.
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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Nothing so denies a person liberty as the total absence of money.
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