There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
John Kenneth GalbraithA person buying ordinary products in a supermarket is in touch with his deepest emotions.
John Kenneth GalbraithI've been a faithful reader of the great classical documents of economics, or tried to be.
John Kenneth GalbraithI begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So now we speak of the market system. That is a nice bland expression, which forgets those off-color references.
John Kenneth GalbraithThere are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
John Kenneth Galbraith