In economics it is a far, far wiser thing to be right than to be consistent

Quote by John Kenneth Galbraith

Topics: Economics Quotes

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

Much literary criticism comes from people for whom extreme specialization is a cover for either...

Much literary criticism comes from people for whom extreme specialization is a cover for either...

If it is dangerous to suppose that government is always right, it will sooner or...

If it is dangerous to suppose that government is always right, it will sooner or...

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

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

There are few ironclad rules of diplomacy but to one there is no exception. When...

There are few ironclad rules of diplomacy but to one there is no exception. When...

Meetings are indispensable when you don't want to do anything.

Meetings are indispensable when you don't want to do anything.

Money differs from an automobile or mistress in being equally important to those who have...

Money differs from an automobile or mistress in being equally important to those who have...

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the...

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the...

Humor is richly rewarding to the person who employs it. It has some value in...

Humor is richly rewarding to the person who employs it. It has some value in...

The Metropolis should have been aborted long before it became New York, London or Tokyo.

The Metropolis should have been aborted long before it became New York, London or Tokyo.

We all agree that pessimism is a mark of superior intellect.

We all agree that pessimism is a mark of superior intellect.

When people put their ballots in the boxes, they are, by that act, inoculated against...

When people put their ballots in the boxes, they are, by that act, inoculated against...

The contented and economically comfortable have a very discriminating view of government. Nobody is ever...

The contented and economically comfortable have a very discriminating view of government. Nobody is ever...

The great dialectic in our time is not, as anciently and by some still supposed,...

The great dialectic in our time is not, as anciently and by some still supposed,...

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.

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

In the United States, though power corrupts, the expectation of power paralyzes.

In the United States, though power corrupts, the expectation of power paralyzes.

There are few ironclad rules of diplomacy but to one there is no exception. When...

There are few ironclad rules of diplomacy but to one there is no exception. When...

Take the diplomacy out of war and the thing would fall flat in a week.

Take the diplomacy out of war and the thing would fall flat in a week.

I think if I had to do it over again, I'd do it the same...

I think if I had to do it over again, I'd do it the same...