I was in charge of price controls in World War II and had a ceiling on overall prices. Everybody who was subject to general maximum price regulation wanted an exception and went to Congress to persuade a Congressman, or a group of people on the Hill, that I was being a menace to their industry.
John Kenneth GalbraithOne of the greatest pieces of economic wisdom is to know what you do not know.
John Kenneth GalbraithThe man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.
John Kenneth GalbraithIt's great to be with William Buckley, because you don't have to think. He takes a position and you automatically take the opposite one and you know you're right.
John Kenneth GalbraithWhen everything else failed, we can still become immortal by making an enormous blunder.
John Kenneth Galbraith