Foreign policy is conducted for the convenience and enjoyment of people in Washington.
John Kenneth GalbraithIf anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.
John Kenneth GalbraithBy all but the pathologically romantic, it is now recognized that this is not the age of the small man.
John Kenneth GalbraithThe salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.
John Kenneth GalbraithInflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
John Kenneth GalbraithThe stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.
John Kenneth Galbraith