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"Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects."
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"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."
"Market economy favors the have against the have not."
"But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses."
"Economics is extremely useful as a form of employment for economists."
"My first priority is growing this economy in the long term, and stimulating it in the short term."
"Our growing, robust economy is able to provide the average American citizen access to the best social program there is - a steady job."
"The ways by which you may get your money almost without exception lead downward. To have done anything by which you earn money 'merely' is to be truly idle or worse. If the labourer gets no more than the wages which his employer pays him, he is cheated, he cheats himself.. If I should sell both my forenoons and afternoons to society, as most appear to do, I am sure that for me there would be nothing left worth living for.. You must get your living by loving."
Explore more quotes by John Kenneth Galbraith
"Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable."
"You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too."
"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
"The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state."
"Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom."
"By all but the pathologically romantic, it is now recognized that this is not the age of the small man."
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