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 generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
John Kenneth Galbraith[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.
John Kenneth GalbraithIn all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
John Kenneth GalbraithA nuclear war does not defend a country and it does not defend a system. I've put it the same way many times; not even the most accomplished ideologue will be able to tell the difference between the ashes of capitalism and the ashes of communism.
John Kenneth GalbraithIf we are concerned about our great appetite for materials, it is plausible to decrease waste, to make better use of stocks available, and to develop substitutes. But what about the appetite itself? The major cause of the continued deterioration of the global environment is the unsustainable pattern of consumption and production, particularly in industrialised countries
John Kenneth Galbraith