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

Quote by John Kenneth Galbraith

Topics: Money Quotes

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...

People who are in a fortunate position always attribute virtue to what makes them so...

People who are in a fortunate position always attribute virtue to what makes them so...

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.

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

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

In the choice between changing ones mind and proving there's no need to do so,...

In the choice between changing ones mind and proving there's no need to do so,...

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

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

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is...

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is...

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

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

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...

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

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...

The enemy of the conventional wisdom is not ideas but the march of events.

The enemy of the conventional wisdom is not ideas but the march of events.

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...

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

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

You will find that the State is the kind of organization which, though it does...

You will find that the State is the kind of organization which, though it does...

One of the little-celebrated powers of Presidents (and other high government officials) is to listen...

One of the little-celebrated powers of Presidents (and other high government officials) is to listen...

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Nature shows that with the growth of intelligence comes increased capacity for pain, and it...

Nature shows that with the growth of intelligence comes increased capacity for pain, and it...

I do not feel obliged to believe that the same God who has endowed us...

I do not feel obliged to believe that the same God who has endowed us...