458 Quotes by John Kenneth Galbraith

Economics exists to make astrology look respectable.

The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being

It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.

Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.

I think the role of the Federal Reserve is enormously exaggerated.

Power is not something that can be assumed or discarded at will like underwear.

If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.

Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.

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