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John Kenneth Galbraith Quotes: All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
         

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.


John Kenneth Galbraith
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Other quotes of John Kenneth Galbraith


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.



Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.



Under capitalism, man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite.



But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.



Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.



If all else fails immortality can always be assured by adequate error.

If all else fails immortality can always be assured by adequate error.



The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that the mind is repelled.



There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.



Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.

Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.





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I believe that truth has only one face: that of a violent contradiction.

I believe that truth has only one face: that of a violent contradiction.



Be at least as interested in what goes on inside you as what happens outside. If you get the inside right, the outside will fall into place.

Be at least as interested in what goes on inside you as what happens outside. If you get the inside right, the outside will fall into place.



I think my grandmother saw my potential first. When I was young, I told her, 'I think I should get a job.' She said, 'No, just keep boxing.'

I think my grandmother saw my potential first. When I was young, I told her, 'I think I should get a job.' She said, 'No, just keep boxing.'



When you ask, did writing change my life? It totally changed my life. It gave me my life.

When you ask, did writing change my life? It totally changed my life. It gave me my life.



I do my laundry on a weekly basis.

I do my laundry on a weekly basis.



She [Barbra Streisand] was just - we can't know what we mean to each other. You know, artists, you can't know - you can't know that, but she was really important.

She [Barbra Streisand] was just - we can't know what we mean to each other. You know, artists, you can't know - you can't know that, but she was really important.



And I come here as a daughter, raised on the South Side of Chicago - by a father who was a blue-collar city worker and a mother who stayed at home with my brother and me.

And I come here as a daughter, raised on the South Side of Chicago - by a father who was a blue-collar city worker and a mother who stayed at home with my brother and me.



This game's stupid," said Lief. "Who the heck is Zelda, anyway?

This game's stupid," said Lief. "Who the heck is Zelda, anyway?



Inside every sane person there's a madman struggling to get out," said the shopkeeper. "That's what I've always thought. No one goes mad quicker than a totally sane person.

Inside every sane person there's a madman struggling to get out," said the shopkeeper. "That's what I've always thought. No one goes mad quicker than a totally sane person.



Avoid the crowd, avoid mass audiences, keep your own counsel, which is the counsel of philosophy of wisdom you can acquire and make your own.

Avoid the crowd, avoid mass audiences, keep your own counsel, which is the counsel of philosophy of wisdom you can acquire and make your own.




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This page presents the quote "All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.". Author of this quote is John Kenneth Galbraith. This quote is about payment, relation, mean, involved, debt, fashion,.