In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes.… — John Kenneth Galbraith Copy Share Image
Getting on the cover of TIME guarantees the existence of opposition in the future. — John Kenneth Galbraith Copy Share
Technology means the systematic application of scientific or other organized knowledge to practical tasks. — John Kenneth Galbraith Copy Share
“Men can labor to make sense out of single steps toward the goal without ever pausing to reflect that the goal itself is ludicrous.” — John Kenneth Galbraith Copy Share
Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to… — John Kenneth Galbraith Copy Share
That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification… — John Kenneth Galbraith Copy Share
Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith Copy Share
If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves. — John Kenneth Galbraith Copy Share
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations. — John Kenneth Galbraith Copy Share
World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending… — John Kenneth Galbraith Copy Share
Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see… — John Kenneth Galbraith Copy Share
While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters. — John Kenneth Galbraith Copy Share
A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in… — John Kenneth Galbraith Copy Share
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant… — John Kenneth Galbraith Copy Share
Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem… — John Kenneth Galbraith Copy Share
