John Kenneth Galbraith Quotes
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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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Ideas may be superior to vested interest. They are also very often the children of vested interest.
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Men are, in fact, either sustained by organization or they sustain organization.
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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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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Economists are generally negligent of their heroes.
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The process by which banks create money is so simple that the mind is repelled.
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The only function of economic forecasting is to make astrology look respectable.
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The values of a society totally preoccupied with making money are not altogether reassuring.
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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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If inheritance qualifies one for office, intelligence cannot be a requirement.
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Marx profoundly affected those who did not accept his system. His influence extended to those who least supposed they were subject to it.
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You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
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Only in very recent times has the average man been a source of savings.
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The greater the wealth the thicker will be the dirt.
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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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The pioneering instrument of reform was the Bank of England. Of all institutions concerned with economics none has for so long enjoyed such prestige. It is, in all respects, to money as St. Peter's is to Faith.
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The enemy of the conventional wisdom is not ideas but the march of events.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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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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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
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While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters.
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In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.