In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less
More Quotes from John Galbraith:
The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations. But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.John Galbraith
One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.
John Galbraith
Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong.
John Galbraith
Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity
John Galbraith
Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
John Galbraith
It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved
John Galbraith
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Based on Topics: Conservative Quotes, Diplomacy QuotesBased on Keywords: tailoring
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