The miserable consumption of the poor is partly the result of the ostentatious demands of the rich. There isn't enough for both, and the latter get far more than they need...But could anything seriously be done about it?
John Kenneth GalbraithThe study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
John Kenneth GalbraithFew can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
John Kenneth GalbraithIn the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.
John Kenneth GalbraithI am not quite sure what the advantage is in having a few more dollars to spend if the air is too dirty to breathe, the water too polluted to drink, the commuters are losing out in the struggle to get in and out of the city, the streets are filthy, and the schools so bad that the young perhaps wisely stay away, and the hoodlums roll citizens for some of the dollars they saved in the tax cut.
John Kenneth Galbraith