The conspicuously wealthy turn up urging the character building values of the privation of the poor.
John Kenneth GalbraithPeople of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
John Kenneth GalbraithEvery corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.
John Kenneth GalbraithIt had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.
John Kenneth GalbraithMoney differs from an automobile or mistress in being equally important to those who have it and those who do not.
John Kenneth GalbraithIn numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
John Kenneth Galbraith