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

Quote by John Kenneth Galbraith

Topics: Money Quotes

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

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

There is an insistent tendency among serious social scientists to think of any institution which...

There is an insistent tendency among serious social scientists to think of any institution which...

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...

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or...

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or...

Faced with the choice between changing one's mind and proving that there is no need...

Faced with the choice between changing one's mind and proving that there is no need...

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...

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...

Faced with the choice between changing one's mind and proving that there is no need...

Faced with the choice between changing one's mind and proving that there is no need...

Liberalism is, I think, resurgent. One reason is that more and more people are so...

Liberalism is, I think, resurgent. One reason is that more and more people are so...

By all but the pathologically romantic, it is now recognized that this is not the...

By all but the pathologically romantic, it is now recognized that this is not the...

All successful revolutions are the kicking in of a rotten door.

All successful revolutions are the kicking in of a rotten door.

There are times in politics when you must be on the right side and lose.

There are times in politics when you must be on the right side and lose.

There's a certain part of the contented majority who love anybody who is worth a...

There's a certain part of the contented majority who love anybody who is worth a...

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.

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...

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...

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...

Government is too big and important to be left to the politicians.

Government is too big and important to be left to the politicians.

It is not by consolidation, or concentration of powers, but by their distribution, that good...

It is not by consolidation, or concentration of powers, but by their distribution, that good...