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John Kenneth Galbraith

"In economics, the majority is always wrong."

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"In economics, the majority is always wrong."

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Donna Grant

"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."

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Donna Grant

"Another point of economy is to look for seed of the same kind as you sow, and not to hope to buy one kind with an other kind. Friendship buys friendship; justice, justice; military merit, military success...Yet there is commonly a confusion of expectations on these points. Hotspur lives for the moment, praises himself for it, and despises Furlong, that he does not. Hotspur of course is poor, and Furlong is a good provider. The odd circumstance is that Hotspur thinks it a superiority in himself, this improvidence, which ought to be rewarded with Furlong's lands."

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Personal Development

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Donna Grant

"Money is representative, and follows the nature and fortunes of the owner...The farmer is covetous of his dollar, and with reason. It is no waif to him. He knows how many strokes of labor it represents. His bones ache with the days' work that earned it. He knows how much land it represents - how much rain, frost and sunshine. He knows that, in the dollar, he gives you so much discretion and patience, so much hoeing and threshing. Try to lift his dollar; you must lift all that weight. In the city, where money follows the skit of a pen or a lucky rise in exchange, it comes to be looked on as light."

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Donna Grant

"In capitalist nation, all is decided by money."

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Donna Grant

"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."

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Donna Grant

"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."

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Donna Grant

"Employment is the biggest form of slavery."

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Donna Grant

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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Donna Grant

"Not every single broke and unemployed person needs a job, some need customers."

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Donna Grant

"Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense."

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John Kenneth Galbraith
"One of the greatest pieces of economic wisdom is to know what you do not know."

Wisdom

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John Kenneth Galbraith
"Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable."

Art

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John Kenneth Galbraith
"Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted."

People

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John Kenneth Galbraith
"Modesty is a vastly overrated virtue."

Virtue

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John Kenneth Galbraith
"There are times in politics when you must be on the right side and lose."

Politics

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John Kenneth Galbraith
"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."

Economy

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John Kenneth Galbraith
"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 ignorance; but finding that they will read, he is doing all in his power to poison their books."

Power

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John Kenneth Galbraith
"We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much."

Money

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John Kenneth Galbraith
"Meetings are indispensable when you don't want to do anything."

Meeting

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John Kenneth Galbraith
"Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all."

Humor

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