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… — John Kenneth Galbraith Copy Share Image
What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the… — John Kenneth Galbraith Copy Share Image
Milton Friedman’s misfortune is that his economic policies have been tried. — John Kenneth Galbraith Copy Share Image
To see economic policy as a problem of choice between rival ideologies is the greatest error of our time. — John Kenneth Galbraith Copy Share Image
Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated… — John Kenneth Galbraith Copy Share Image
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally… — John Kenneth Galbraith Copy Share Image
And there was a deeper, less visible effect of the Truman loyalty program. Seeing its consequences for certain individuals and fearing its… — John Kenneth Galbraith Copy Share Image
A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of… — John Kenneth Galbraith Copy Share Image
At best, in such depression times, monetary policy is a feeble reed on which to lean. — John Kenneth Galbraith Copy Share Image
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally… — John Kenneth Galbraith Copy Share Image
Foreign policy is conducted for the convenience and enjoyment of people in Washington. — 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 Image
Technology means the systematic application of scientific or other organized knowledge to practical tasks. — John Kenneth Galbraith Copy Share Image
“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 Image
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 Image
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 Image
Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith Copy Share Image
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 Image
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations. — John Kenneth Galbraith Copy Share Image
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 Image
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 Image
While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters. — John Kenneth Galbraith Copy Share Image
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 Image
