"Capitalism is chronically unstable.Boom and bust has always……" — John Kenneth Galbraith

"Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857, 1869, 1873, 1907, 1929 and 1987.In economies and politics, as in war, an astonishing number of people die, like the man on the railway crossing, defending their right of way. This is a poorly developed instinct in Switzerland. No country so firmly avows the principles of private enterprise but in few have the practical concessions to socialism been more numerous and varied."

— John Kenneth Galbraith

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286 Quotes by John Kenneth Galbraith

John Kenneth Galbraith has 286 quotes on this site. A few more worth reading:

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