In economics, the majority is always wrong.
More Quotes from John Kenneth Galbraith:
Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.John Kenneth Galbraith
Originality is something that is easily exaggerated, especially by authors contemplating their own work.
John Kenneth Galbraith
In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
John Kenneth Galbraith
One of the greatest pieces of economic wisdom is to know what you do not know.
John Kenneth Galbraith
In the United States, though power corrupts, the expectation of power paralyzes.
John Kenneth Galbraith
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
John Kenneth Galbraith
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