Quote #69
In economics, the majority is always wrong.
More from John Kenneth Galbraith
- Faced with the choice between changing one's mind and proving that there is no need to do so, almost everybody gets busy on the proof.
- It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
- Economics is extremely useful as a form of employment for economists.
- Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right …
- Hitler also anticipated modern economic policy . . . by recognizing that a rapid approach to full employment was only possible if it was co…
- Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
- Let's begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift mi…
- Nothing is so admirable in politics as a short memory.