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Quote by John Kenneth Galbraith

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THE GREAT CRASH 1929

This book delves into the causes and effects of the 1929 stock market crash, providing a detailed examination of the economic turmoil that followed. It explores the factors leading up to the crash, the panic that ensued, and the long-term consequences for the American economy. more

Author

John Kenneth Galbraith
John Kenneth Galbraith

John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more

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“Republicans ... are conservatives who think it would be best if we faced the fact that people are no damned good. They think that if we admit that we have selfish, acquisitive natures and then set out to get all we can for ourselves by working hard for it, that things will be better for everyone. They are not insensitive to the poor, but tend to think the poor are impoverished because they won't work. They think there would be fewer of them to feel sorry for if the government did not encourage the proliferation of the least fit among us with welfare programs.”

“The number one need in all people is the need for acceptance, the need to experience a sense of belonging to something and someone. The need for acceptance is more powerful in your family than anywhere else.... If that need is not met by your family, trust me, your kids will go elsewhere to seek it in order to find approval and acceptance.”