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John Kenneth Galbraith

John Kenneth Galbraith Quotes

Economist

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Famous John Kenneth Galbraith Quotes

“The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.”

GovernmentPoorViewsClassMiddleTaxesComfortableAspectPaidAssumingSavingMiddle ClassAssociationWickednessLoanSavingsIndignantBailing Out
Author:John Kenneth Galbraith
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“From the fact of general well-being came the new position of the poor. They were now in most communities a minority. The voice of the people was now the voice of relative affluence. Politicians in pursuit of votes could be expected to have a diminishing concern for the very poor. Compassion would have to serve instead - an uncertain substitute.”

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Book:A life in our times: memoirs
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“The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence has occurred because what is convenient has become sacrosanct. Anyone who attacks such ideas must seem to be a trifle self-confident and even aggressive. The man who makes his entry by leaning against an infirm door gets an unjustified reputation for violence. Something is to be attributed to the poor state of the door.”

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Book:The affluent society
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