In economics, the majority is always wrong.

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

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.

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...

Meetings are a great trap. Soon you find yourself trying to get agreement and then...

Meetings are a great trap. Soon you find yourself trying to get agreement and then...

Wisdom itself is often an abstraction associated not with fact or reality but with the...

Wisdom itself is often an abstraction associated not with fact or reality but with the...

What is called a high standard of living consists, in considerable measure, in arrangements for...

What is called a high standard of living consists, in considerable measure, in arrangements for...

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...

Where humor is concerned there are no standards - no one can say what is...

Where humor is concerned there are no standards - no one can say what is...

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

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

The conspicuously wealthy turn up urging the character building values of the privation of the...

The conspicuously wealthy turn up urging the character building values of the privation of the...

Politics is not the art of the possible. It consists in choosing between the disastrous...

Politics is not the art of the possible. It consists in choosing between the disastrous...

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

Few things are more tempting to a writer than to repeat, admiringly, what he has...

Few things are more tempting to a writer than to repeat, admiringly, what he has...

Wealth is not without its advantages and the case to the contrary, although it has...

Wealth is not without its advantages and the case to the contrary, although it has...

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...

Where humor is concerned there are no standards - no one can say what is...

Where humor is concerned there are no standards - no one can say what is...

All of the great leaders have had one characteristic in common: it was the willingness...

All of the great leaders have had one characteristic in common: it was the willingness...

Power is not something that can be assumed or discarded at will like underwear.

Power is not something that can be assumed or discarded at will like underwear.

On every full moon, rituals such as the one described above take place on hilltops,...

On every full moon, rituals such as the one described above take place on hilltops,...

Power is not a means, it is an end. One does not establish a dictatorship...

Power is not a means, it is an end. One does not establish a dictatorship...

If you have to choose between power and speed and it often turns out you...

If you have to choose between power and speed and it often turns out you...