What is called a high standard of living consists, in considerable measure, in arrangements for avoiding muscular energy, for increasing sensual pleasure and enhancing caloric intake above any conceivable nutritional requirement.
John Kenneth GalbraithA very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
John Kenneth GalbraithWisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.
John Kenneth Galbraith