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

Quote by John Kenneth Galbraith

Topics: Bankers And Banks Quotes

It is not necessary to advertise food to hungry people, fuel to cold people, or...

It is not necessary to advertise food to hungry people, fuel to cold people, or...

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...

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...

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 only function of economic forecasting is to make astrology look respectable.

The only function of economic forecasting is to make astrology look respectable.

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...

Nothing is so admirable in politics as a short memory.

Nothing is so admirable in politics as a short memory.

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.

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...

Few people at the beginning of the nineteenth century needed an adman to tell them...

Few people at the beginning of the nineteenth century needed an adman to tell them...

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...

Of all classes the rich are the most noticed and the least studied.

Of all classes the rich are the most noticed and the least studied.

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...

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...

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...

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...

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...

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...

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...

In economics, hope and faith coexist with great scientific pretension and also a deep desire...

In economics, hope and faith coexist with great scientific pretension and also a deep desire...